Proposals for the 4,000-home community on 300ha of land in South Yorkshire were submitted to Rotherham Metropolitan Borough Council last week.
Mining, property and energy company UK Coal aims to transform the former coke works and mine near Catcliffe, an area bigger than Sheffield city centre.
The mixed-use project with greenery wrapping around high-density housing, offices and shops will take 20 years to complete.
Development director Tim Love said the outline plans took 15 years of preparatory work and aimed to create a unique, sustainable development on a historic site. "The proposal would transform this area with a mainly industrial past to a modern, 21st-century development," he said.
Around 9,000 people in the community would be served by waterside frontages around three man-made lakes and open spaces, two schools, shops and bars.
"Public open space is a key feature to the proposals, with almost half the site being made up of open space, woodland and the lakes."