The Cuerden masterplan, which has been drawn up by Lancashire County Council, aims to create thousands of high-quality jobs on the 65-hectare site, through a mix of commercial, industrial and leisure use.
Lancashire County Council and its development partners Eric Wright Group and Brookhouse Group are running a public consultation on the plans, starting with public exhibitions next week, in advance of a planning application being submitted.
The development is one of the Preston, South Ribble and Lancashire City Deal's major projects and has the potential to generate significant economic and employment benefits for the area, including:
Speaking about the project, Jennifer Mein, leader of Lancashire County Council, said: "This is a once-in-a-generation opportunity to deliver a development that will bring economic and employment benefits for the whole of the county. Situated at the start of the M65 and minutes from the M6 and the M61, the site could not be better placed.
"This development is a key part of the Preston, South Ribble and Lancashire City Deal and shows just how it will bring jobs and prosperity to the area. I'd urge local people to have their say on this ambitious project through the public consultation."
Public exhibition events are being held next week, as follows: