Scarborough Group and Greyfriars Investments are assessing the site at Flaxby, next to junction 47 of the A1 (M), between York and Knaresborough.
The former golf course was acquired from administrators in 2016 with consent for a hotel and golf resort.
Alternative proposals, including an eco-village resort, were considered in the past but did not move forward.
After a strategic review of the site in 2022/23 the Scarborough Group has submitted the site for consideration in North Yorkshire Council’s new Local Plan.
This plan will guide development across the county for the next 15 to 20 years, the group says it wants to ensure its proposals align with regional needs and policies.
With the council currently issuing a ‘Call for Sites,’ the group says it is actively engaging in this initiative to ensure the land’s potential is properly assessed.
Development Director Adam Varley said: “Our partnership with Greyfriars Investments represents an exciting step in understanding how this site can support North Yorkshire’s wider development strategy.
“While it’s still early days, we’re committed to working with local communities and stakeholders to ensure any future plans reflect their priorities and concerns.
“With our proven track record in delivering major mixed-use developments, such as Thorpe Park in Leeds, we are well-positioned to contribute meaningfully to this conversation.”
Greyfriars Investments director Jamie Macnamara said: “We’re pleased to be working with Scarborough Group to explore the opportunities for the Flaxby site.
“Their expertise in employment-led developments and deep understanding of regional priorities make them the perfect partner as we seek to create a sustainable, deliverable vision for the site.”