Blackpool City Council said it would pulverise tower blocks as part of a £22m project to replace them with almost 200 houses and flats with gardens, tree-lined streets and public squares.
It chose Lovell to lead the Queens Park redevelopment on Monday.
The housing regeneration specialist will anchor the new community around pedestrian-friendly landscapes. A series of urban squares with trees will dovetail with existing neighbourhoods.
There will be a community garden and improved nearby recreation space.
"In line with the scheme’s focus on promoting an inclusive, sustainable community, there will be a community garden," said a spokeswoman. "The scheme has also been designed to improve and make much better use of the open space on Layton Recreation Ground.
"Residents have been closely involved and the new homes on the council-owned estate will be built over six years, replacing five tower blocks. Construction is expected to start in summer and 180 homes are for the council, with 18 for open-market sale by Lovell."
Councillor Gillian Campbell said: "The skyline of Blackpool will change forever when the tower blocks are demolished. Families will be able to live in properties that improve their health and help them to prosper."