The Sugar Warehouse in Greenock is 120-years-old
A £180m project to redevelop the historic James Watt Dock in Greenock has been approved in principle by Inverclyde Council's planning board.
The development will see more than 1,000 homes built along with 12,000 sq metres of retail and business space.
A 100-bed hotel will also be built along with a 400-berth marina.
Its centrepiece will be the restoration of Scotland's largest surviving cast iron and brick industrial building - the 120-year-old Sugar Warehouse.
Councillor David Wilson, chair of Inverclyde Council planning board, said: "This is a once in a lifetime opportunity to completely transform the area and breathe new life into Inverclyde.
"The plans are imaginative, ambitious and exciting and mark a huge step forward in our drive to make Inverclyde the perfect place to live and work.
"The new marina will also be the perfect setting for when Inverclyde hosts the Tall Ships Race in 2011."
The project, being delivered by urban regeneration company Riverside Inverclyde and property and transport firm Peel, is expected to create about 1,700 jobs.
Riverside Inverclyde is a joint partnership between Inverclyde Council, Clydeport, and Scottish Enterprise.