Sixty-three apartments and a retail unit will be built at the car wash and Ferbro buildings site in the centre of Glengormley.
Antrim and Newtownabbey Borough Council has granted planning permission for the £9m project.
This new development will help to address the high demand for housing in the area and bring more residents and shoppers to the town, as well as creating 100 construction jobs and four full time jobs in retail.
The planning approval is in addition to recent announcements by the council for £12m of investment in Glengormley over the next three years.
Councillor Sam Flanagan, the Chairman of Antrim and Newtownabbey Council’s Planning Committee welcomed the development.
“The development will also transform this area in the heart of the town and improve its appeal to shoppers and visitors and create significant supply chain and commercial opportunities for the wider business communities,” he said.
Mayor of Antrim and Newtownabbey, Councillor Billy Webb said the council is delighted to have secured this much needed investment for Glengormley.
“The support we are providing to Glengormley forms part of our overall strategy to attract over £1billion of investment to Antrim and Newtownabbey in the next few 2-3 years. We are well on track to achieve our investment target and create over 2000 new jobs by 2025,” he added.