If approved, Countryside will start detailed profiling of the land levels in preparation for housing on the site ahead of their residential planning application.
The award winning home builder and regeneration specialist is lined up to develop 450 homes across 27 acres of land south of Bilston town centre and the Black Country Route.
City of Wolverhampton Council Director for City Economy, Keren Jones, said: "We are working closely with Countryside to finalise the scheme and this is a major milestone for housing development on Bilston Urban Village.
"Our plans to develop up to 500 homes on the site will make a significant impact in achieving our housing targets in the City of Wolverhampton.
"The council has spent a lot of time making sure there is good road access, and ensuring that, with a bus only link, cycle ways and pedestrian routes, the new housing will be well connected to the town centre.
"The urban village is a key part of the wider regeneration of the city, bringing new homes, new jobs and more investment. It demonstrates our commitment to Bilston and ensures it will continue to be a thriving area."
John Gilbert, Regional Operations Director for Countryside's Midlands division, said: "With a wealth of experience in regeneration and community building, our aim is to fulfil the council's vision for rejuvenating the area by transforming this brownfield site into a high quality housing development.
"This scheme will play a critical role in the city's regeneration activity and, with our strong partnership model in place, the plans for Bilston Urban Village would provide residents with a vibrant, mixed tenure neighbourhood, where the new homes are both affordable and accessible for a wide range of people."
People have already moved into some of the 2, 3 and 4 bedroom homes being developed by Kier on 2 other Bilston Urban Village plots either side of the entrance to Carder Crescent.
Works are also underway on landscaping extensive areas of open space on the site, with a network of paths for walking and cycling being created, clearing overgrown trees and shrubs, and fencing to properly define and protect areas.
The first phases of Bilston Urban Village produced significant investment in the building of the Bert Williams Leisure Centre and South Wolverhampton and Bilston Academy - improving health and increasing opportunities. A commercial development plot fronting the Black Country Route and the newly named Bert Turner Boulevard linking the site with the town centre was also created.
This has been followed by the recently opened Marston's family pub/restaurant, the White Rabbit, and a planning application to build a new Loxdale Primary School on the site.
Type=image;ImageID=15092;ImageClass=left;ImageTitle=;TitleClass=strong;
- released: Friday 13 April, 2018