Plans to build 415 homes, a hotel and bars on land to be sold to a developer for £4 have been put forward.
Manchester-based Watson has applied to Bolton Council for permission to build the scheme at Church Wharf in Bolton.
It follows the council’s decision to sell the land to the company for £1 per scheme.
The council had approved the outline plans for the wharf in 2019, and although the site was cleared, the development did not go ahead.
The Local Democracy Reporting Service reports that the scheme is supported by £5m in funding from the Greater Manchester Combined Authority brownfield housing fund, which is pledged to help regenerate the long-dormant riverside site.
The development is set to be built in four phases.
Rob Watson, director of Watson, said: “We are delighted to have submitted plans for such a transformative project.
“Church Wharf is not just about new buildings, it’s about revitalising Bolton town centre with much-needed housing, dynamic commercial and leisure spaces, together with a hotel that will bolster the local economy, enhancing the lives of the community.”
Watson is also currently developing Creams Mill in nearby Little Lever.