The scheme will include the redevelopment of the 45 acre site, which is owned by the HCA, to create 474 new homes as well as 10,000 square feet of other development including a community building, cafes and shops and a marina facility.
The regeneration is planned to be carried out in phases over a period of eight years.
"Appointing a developer is a significant milestone for this major land development," said HCA North West executive director Deborah McLaughlin according to local reports.
"This area is a former colliery site and has been a priority of the national coalfields programme for a period of time. I know that our chosen developer is keen to deliver a project which meets the needs and aspirations of local people, creating much needed affordable homes, leisure facilities and more," McLaughlin said.
"Not only will it impact on tourism, but it will create jobs for local people, improve the look of the area and bring disused land back to life," she added.
"This new development will not only offer a range of private and affordable housing; but with the extensive commercial offerings including a family pub/restaurant and community centre encompassing the Bickershaw site, we are creating an exemplary development which will bring long-lasting benefits to the wider community," said Taylor Wimpey Manchester project director Anthony Mansfield.
The first homes on the site are expected to be complete by next summer.
