It will also incorporate a casino, which has been granted a licence by the government for up to 150 slot machines and 30 blackjack and poker tables.
If it goes ahead, construction could start on the first buildings in 2017 with the development completed by 2032.
The plans could see the park space at Mayflower Park made bigger with a Spitfire sculpture in the city where the plane was first built.
Full story on BBC News Website