The ambitious £100 million scheme is being backed by property giant Peel Holdings, which owns Manchester's Trafford Centre and is also planning £10 billion worth of development work on the banks of the River Mersey.
According to the developer, the stand will have 22 boxes on the second level, and has been designed to look as though it is 'floating on air'.
The scheme hopes to transform 680ha of former estate lands, which belonged to the third Duke of Bridgewater, into an equestrian centre, complete with an 18-hole golf course and a country house hotel.
If the plans are approved, it is thought there would be around 30 race days a year, attracting more than 20,000 spectators at a time.
David Robinson, managing partner at FWP, said: 'Years of detailed work have gone into this submission. The new racecourse will be a major boost to the local economy, generating jobs and providing the catalyst for a wonderful forest park for the people of Salford and Greater Manchester.'