Bruntwood and residential development partner Select Property Group have unveiled plans for the former BBC site on Oxford Road in Manchester.
The site is earmarked for a 2.5m sq ft mixed-use masterplan, with the first application featuring public realm changes, two student blocks and 350,000 sq ft of commercial space.
Six blocks will feature on the wider plan for office space with ground floor retail, along with two residential blocks, three serviced apartment blocks, a hotel and a car park.
It will no longer be home to the £235m Sir Henry Royce Institute, which was originally planned to be located on the site but will now be housed on University of Manchester land.
Bruntwood chief executive Chris Oglesby said: “We have produced a masterplan that embraces and exceeds the ambitions of the city’s Strategic Regeneration Framework to create a vibrant new neighbourhood including fantastic new office, residential, retail and leisure uses, alongside exceptional new public spaces and routes through the site.
“Its unique location, connecting the city centre with the Corridor Manchester, enables the site to support the cross-fertilisation and commercialisation of ideas and a public green will provide Manchester with a new open space for people to gather and dwell.”