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 . .
Hospital bed occupancy exceeds 90% in multiple years as pressure builds at Noble's
Figures highlight sustained high occupancy across adult acute wards, and a recent rise in patients waiting in ED for beds
Interim report into death on Manx registered bulk carrier
Bosun fell overboard on World Prize in Sweden
Police respond to social media concerns about 'suspicious' man
Constabulary says one report was received in February and urges the public to report any suspicious activity at the time it occurs
Douglas City Council proposes city centre initiatives including sculpture and markets
Funding bid submitted for projects aimed at boosting footfall and supporting local businesses