Hamilton-based developer Banks Property is aiming to submit plans to build about 100 homes in Midlothian next year.
The firm said the proposed development in Rosewell would bring “much-needed” family homes to the area, where there is a “significant” housing shortfall.
Subject to planning permission being granted, the company expects construction to begin in late 2016. Once the detailed plans are finalised, an exhibition will be held in the village to gauge feedback ahead of the planning application being submitted to Midlothian Council.
Colin Anderson, director of Banks Property, said: “This is a hugely positive development for the area.
“Demand for new homes within easy commuting of Edinburgh has outstripped supply, pushing up prices and making home ownership challenging for many. Developments such as this one at Rosewell are therefore essential to keep prices down and give hope to young families and people looking for a good quality, affordable home in an excellent location.”
He added: “Banks Property is committed to sustainable development and this means that as well as creating a wonderful environment for families to live and work in, we intend to maximise the use of local contractors and businesses, to ensure the biggest economic benefit is delivered locally.”
Banks Property is part of the family-owned Banks Group, which employs 400 people in the property, renewable energy and mining sectors.