The 6.5-acre site, located in the Castlefields area, which is a part of the Stafford Station Gateway, is owned by Lord Stafford and is situated in close proximity to Stafford town centre and Stafford train station.
Plans currently include a supermarket, hotel, multi-storey car park and build-to-rent homes.
Stuart Pratt, group development director and co-founder at Godwin Developments said: “We are delighted to be working in partnership with both Lord Stafford and Savills on this really exciting project.
“Staffordshire is an important area of development focus for us as we see high growth potential in the region. We believe that the Stafford Borough Council Regeneration Plan alongside the construction of HS2 and the Stafford Gateway Masterplan project will be key drivers to the fast track growth of the town, which is already shaping into a highly attractive investment proposition for developers and commuters alike.”