The £400m Golden Valley Development site is adjacent to the Government Communications Headquarters (GCHQ) and the National Cyber Security Centre.
The new scheme includes delivery of 3,000 new homes and a mixed-use Cyber Central Cluster bringing together leading cyber businesses and innovators alongside academic facilities dedicated to cyber and technologies.
A planning application for the development could be brought forward as early as 2021
Guy Gusterson, Managing Director of Strategic Land & Regeneration at St. Modwen, said: “The West Cheltenham development presents a unique opportunity to shape and deliver a new community next to a globally recognised hub for cyber security.
“The development team and I are excited to work in partnership with MLPL on this regionally significant development which will deliver much-needed housing as well as jobs.
“We will work with local stakeholders to deliver a diverse new community where new homes will sit amongst green shared spaces as we deliver a vibrant, sustainable and richly deserving scheme.
“Our unique approach and ability to deliver new developments with a focus on placemaking will again be demonstrated at West Cheltenham.”