The first phase of the £320m Chesterfield Waterside scheme has been given the green light by planners.
Outline planning consent has been granted for Basin Square, which forms the first phase of the wider development.
Worth £75m, Basin Square will include 310 private rented apartments with 16,000 sq ft of retail on the ground floor, an 84-bed hotel, a multi-storey car park and more than 37,000 sq ft of office space.
Site enabling works have already begun on the site, which formerly housed a Trebor factory, with completion expected in March 2017.
Developer Bolsterstone secured a £2.7m Sheffield City Region Infrastructure Fund grant to fund the works earlier this year.
Bolsterstone director Peter Swallow said the developer would now move forward with negotiations with investors, with a detailed planning application set to be submitted next year.
“Good progress has already been made on site with the preparatory groundworks, and we will be ready to commence construction as soon as detailed planning consent can be granted for the individual buildings,” he said.
Bolsterstone is working in partnership with Chesterfield Borough Council and landower Anrold Laver Group to deliver housing, commercial and retail space across the 16 ha Chesterfield Waterside site.
Plans have also been granted to replace an existing road bridge over the River Rother, which will allow access to the residential phase of the development, named The Park.