PLANS have been submitted for a £96 million 830-house development in Netherfield, which could create 700 jobs.
The plans, for land off Teal Close, include a large employment area, community hub, primary school, hotel, care home, playing fields, a public open space, a 10-hectare ecology park and allotments.
The homes would be designed to match the Victorian style of surrounding buildings.
After two public consultations and a lot of local public interest, formal plans have been handed to Gedling Borough Council by developer Northern Trust.
Tina Simpson, trustee and treasurer of the Netherfield Forum, said: "There are certainly positives and negatives with the development, but overall I am in favour. The regeneration will bring opportunities for jobs and homes, which are needed, but we want to make sure that the site does not isolate itself from the rest of Netherfield, which is a fantastic community."
Mrs Simpson said that congestion could become an issue, with the likelihood of two cars for each of the 830 households.
"We want to ensure the surrounding environment is not damaged, yet the potential for increased footfall would be great," she said.
John Clarke, leader of Gedling Borough Council, said: "I personally welcome any development to the site off Teal Close."
He said he was excited about a number of proposals in the pipeline at the moment, including a recent application for a supermarket off Colwick Loop Road and new businesses set to open at Victoria Retail Park.
"All these things are going to make it so different down there.
"People will spend money locally and they will also have easy access to the city centre."
A Northern Trust spokesman said: "We are grateful to everyone who has provided their feedback as part of our consultation process, both at the exhibitions and via our website and e-mail address. The proposals will bring major benefits to the local community."
Following comments from the public, new elements have been added to the scheme, such as a footway along Stoke Lane and a commitment to fund public transport improvements.
The spokesman added: "We have taken into account people's views when preparing our proposals.
"We look forward to working with the community as the plans progress. Please keep checking the website for updates."