Outline planning permission for a large commercial, leisure and retail scheme for North West-based developer Ask Developments was approved by Bury Council yesterday (5 February).
The green light was also given for a 'major public landscaping' project which includes a new pedestrian link from the site directly onto the existing Metrolink platform.
Further phases include proposals for new apartments and these plans are expected to be submitted in early spring.
Nigel Jacques, director at Carey Jones Architects said: 'The masterplan proposals provide a sustainable urban development in a unique location reflecting the site's enormous potential and creating a vibrant mixed use quarter.'
He added: 'The contemporary building designs, when combined with high-quality public realm space, offer a significant contribution to the business community and surrounding residential neighbourhood.
'It reflects the aspirations of Bury, providing a positive influence on the regeneration of the borough.'