Developers Dransfield Properties and Harworth Group have teamed up to deliver the 12-acre scheme at Waverley.
The project will include a food store, shops, offices, medical centre, gym and 470-space car park.
The development will formally link the Advanced Manufacturing Park and the residential area with needed retail and leisure facilities.
A planning application is scheduled to be submitted in Spring 2017 and will include a transport hub for Rotherham to improve connectivity to the region as well as a hotel and a new medical centre to serve the growing business and residential area.
This is the latest phase of Waverley’s development. Yorkshire’s leading brownfield development is already home to 600 homes and the AMP which includes world-leading firms including Rolls-Royce and Boeing. The next 15 years will see up to 3,400 further homes built, in addition to a further 1m sq. ft of manufacturing space to further grow the AMP.
Owen Michaelson, Chief Executive of Harworth Group, said “We are delighted to partner with Dransfield for this significant development on our flagship site.
“We expect the local centre to become central to the Waverley community, as it co-joins the AMP and the residential area, offering a range of essential facilities and bringing hundreds of job opportunities to the region.”