Solihull Metropolitan Borough Council approved plans for the development in April and the first homes will be released for sale in August.
The North Solihull Partnership, who are responsible for the development, will also fund 64 affordable rented homes for local people, invest a total of £100,000 in an all-weather sports facility, pay for improvements at the nearby Meriden Park, create a landscaped green area within the homes and pay £178,000 towards a new drainage system.