Sherford, an entirely new district just outside Plymouth that will be designed in-house by the foundation, will go before local planners in a matter of months, it was confirmed yesterday.
The planning application will represent a major step forward for the Prince's campaign to encourage traditional approaches in urban design.
It will also prove the biggest project for the Prince's Foundation since it first revealed plans for Poundbury in Dorset.
The masterplan will be drawn up using the Prince's Enquiry by Design method, which is a traditionalist approach to public consultation.
According to Prince's Foundation design director Ben Bolgar, the foundation has studied 'regional traditions and national precedents' with 'an emphasis on sustainable systems' to complete the plans.
Bolgar, who is leading the design team, added that the Sherford scheme would resemble Poundbury in that it will have the 'logic of a traditional village'.