Chief Minister Allan Bell says the application for a substantial business park opposite the airport is "exactly the sort of development" which is wanted in the area.
The company that owns Shoprite has put in for planning for a development which includes buildings for new technology companies, accommodation for corporate headquarters, a hotel and internal access roads.
But Mr Bell says the development will have hurdles to overcome before it comes a reality . .
Contractors to start installing 20mph signs in Douglas and Onchan
Infrastructure Minister confirms work will start next week
Road closures in place following incident in Hillberry area
Police response ongoing with Little Mill Road, Cronk-ny-Mona and Creg Ny Baa affected
Accessible bus stops rolled out across Bus Vannin network
Department of Infrastructure says upgrades will make travel easier for wheelchair and mobility scooter users
£1 million National AI Office launched to coordinate artificial intelligence policy and adoption
NAIO to oversee strategy, guidance and skills development across public and private sectors