The company behind plans to redevelop the Boots Island site said there has been 'significant interest' in the two former warehouse buildings on the land.
Investment firm Conygar said it will reveal more details about the development in the coming months.
The site has had many false dawns but the current development represents one of the biggest schemes in the city for decades, both in terms of cost and scale.
Situated between Manvers Street at the bottom of Sneinton and London Road, it has been derelict since being purchased by Heathcote Holdings in 1994.
Proposals for a £900 million redevelopment were first put forward in 2004, but no deals were ever completed.
Investment firm Conygar now owns the site, and plans have been agreed in principle for 600,000 square feet of office space, 907 new homes, 666 student flats and a top-end hotel.
Outline planning permission - which gives approval for the concept and boundaries of a scheme but not the specifics - was approved by the city council earlier this year.
Now, the developers have said they hope to submit a detailed application, outlining exactly how the first phase of the huge new scheme will look, in the coming months.
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Conygar says it is already receiving significant interest in the two former warehouse buildings on site.
As pressure for more student accommodation continues to be high in the city, the developers say even at this stage it is also receiving interest in the proposed student accommodation segment of the development, on the Manvers Street side of the 40-acre plot.
Christopher Ware is the property director of Conygar, and said: “Since receiving outline planning, we have been in detailed negotiations with leading operators, which are progressing well.
“We are finalising the section 106 agreements alongside Nottingham City Council and will look to submit plans as soon as is feasible.
“This is a long-term phased project which we are approaching strategically in order to deliver the best possible result for the city.
“Once complete, we believe the site will extend the city centre community, boost the local economy and further enhance Nottingham’s great reputation in both the Midlands and across the 海角视频.”
Once plans are finalised by Conygar, they are likely to go the city council’s planning committee, where councillors will vote on whether to approve the scheme.
At the outline planning permission stage, the planning committee spoke overwhelmingly in favour of the scheme.