The council is now reconsidering its options, and a source told CJ the work is likely to be divided up into a number of smaller packages.
"Procuring a single development partner has not worked, so we need to see if it would be right to try to re-tender or whether it would be better to split the project into smaller phases. We are thinking creatively about it," the source said.
The job, which is worth at least ВЈ100m, had attracted bids from Barratt Homes, Generator, Gleeson Homes and a Bouygues/Moat Homes joint venture.
Proposals include at least 500 new homes, a hotel, offices, shops, leisure uses and open space.
Bexley Council expects to announce how it will take the project forward towards the end of the year.