Grainger has won outline planning consent for its 326-acre mixed-use Newlands development at Waterlooville in Hampshire.
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There is also provision for a further 1,000 residential units to be added to the scheme in the future.
Grainger, which aims to submit a detailed planning application later this year, will create a new management company for the development, which will provide community and maintenance services for residents.
Rupert Dickinson, chief executive of Grainger, said: “Grainger is delighted to have obtained this important consent and are excited to be spearheading such a significant project.
“Newlands is set to become an exemplar of a truly sustainable, fully integrated and forward thinking new community.”
