The development partnership, involving Network Rail, DB Cargo and Brookgate, proposes to build 425 homes and nearly 600,000 sq ft of office, laboratory and retail space on the 17-hectare brownfield site.
Designed by Acme and Make, the Cambridge North scheme is set to create over 2,000 construction jobs during a five-year construction programme.
Plans to transform the site area are already underway, with a 217-bed Novotel opened in May 2021.
A second building, One Cambridge Square with retail space at ground floor and office space above, is due to open in 2023.
Sven Topel, CEO at Brookgate, said: “The next phase of the regeneration of the derelict land surrounding the new Cambridge North railway station will create a new community that will be enjoyed by those that live and work there but also by its neighbours and those that visit.
“The plans respond to a local need for high quality homes and workplaces and will provide a variety of leisure and community facilities and public open spaces to reinvigorate a neglected area.
“This development will create a sustainable, bio-diverse and inclusive community that responds to climate change and environmental challenges.”
Housing planned will provide a mixture of tenures, including 1-, 2- and 3-bedroom homes for sale, shared ownership or affordable rent. 40% of the 155 homes for private sale will be designated as affordable housing.
New public spaces, such as Chesterton Gardens at the heart of the residential quarter, will create a neighbourhood courtyard including children’s play equipment, seating and extensive planting encouraging everyone to use the space.
A new civic space Chesterton Square will provide an active public space and supporting amenities for people to enjoy.