Central Street car park will be transformed into Bolton’s first purpose-built urban village.
The scheme will comprise four blocks designed around a network of pedestrian priority streets, courtyards, rooftop terraces and resident gardens.
It proposes a diverse mix of 200 homes including family town houses, downsizer apartments, and a choice of one and two-bedroom apartments.
Placefirst is also planning up to 15,000 sq.ft of Grade A office space, and a range of ground floor commercial units.
A planning application will be submitted later this year and, subject to approval, Placefirst aims to start work on site by early 2020 with in-house contractor, Placefirst Construction.
David Smith-Milne, managing director of Placefirst, said: “Having cut our teeth delivering complex refurbishment projects in regeneration areas, Bolton represents an important new milestone for Placefirst as our first major town centre new-build BTR community.
“This project will show that town centre, urban living isn’t just for young people living in boring apartments.
“Through good design and excellent placemaking, schemes such as this will appeal to families, downsizers and the elderly, living together in a genuinely multi-generational community.”