Mark Dowdall from the Banks Group - the company behind the housing bid - believes that if the housing project goes ahead it will create over 160 jobs in the area.
More top news
A look ahead at the forecast for the Tyne Tees region.
A Metro train passenger who hurled shocking abuse at a transgender woman travelling on the same carriage has been put behind bars.
Three of the region's court houses are to close after the government decided they were under-used.