Regent House, the governing body of the University of Cambridge in the UK has approved the first phase of the £1bn North West Cambridge development.
The first phase of the development, which is expected to cost £281m, will feature about 530 homes for university staff, 450 homes for sale, 300 residences for students and a local centre with community facilities.
Phase one will also include landscaping spanning more than a third of the overall site and green space.
The 150ha site of university-owned farmland in the north-west of the city was granted outline planning permission to be developed as a mixed-use project in August 2012.
North West Cambridge Development project director Roger Taylor said the development will be built to the Code for Sustainable Homes Level 5 and BREEAM Excellent for other uses.
"The ambition to create a low-carbon community incorporates a green travel plan and energy and utilities systems," Taylor said.
The project, masterplanned by the US-based Aecom, will be designed jointly by David Chipperfield, Alison Brooks, Witherford Watson Mann, Wilkinson Eyre, Mecanoo, Cottrell & Vermeulen, Muma, Mole, Sarah Wigglesworth, AOC and RH Partnership.
University of Cambridge pro-vice-chancellor for institutional affairs Jeremy Sanders said the North West Cambridge development is a major part of the university’s long-term future.
"It will provide much of the residential and research accommodation that the university needs as it grows over the next 20 years," Sanders said.
Work on infrastructure is scheduled to begin later in 2013 and the first buildings are expected to be finished in late 2015.
Upon completion, the entire development, which is anticipated to be completed over the next ten years, will feature 2,000 student bedrooms and 1 million ft² of academic, research and commercial space.
The development will feature 35ha of open space, sports pitches, children play spaces.
Image: Phase one of the development will feature about 530 homes for university staff, 450 homes for sale and 300 residences for students. Photo: University of Cambridge.