The 13-acre site off Darkhouse Lane, near Rosewood Primary School, will be turned into a new housing estate.
Around 142 properties would be built comprising of 30 one bed flats, six two bed flats, 51 two bed houses, 45 three bed houses and 10 four bed houses.
Plans are set to be approved subject to a Section 106 agreement at a Dudley Council meeting next week.
Planning documents state: “The site is predominantly brownfield, being occupied by vacant, derelict and dilapidated industrial buildings.
“The development would also include open space and ancillary works to provide a buffer to adjacent industrial/railway uses.
“The application is made on behalf of Accord housing association and it is proposed that the entire scheme would be for affordable housing.”
Dudley Council leader Patrick Harley said if the scheme went ahead it would be ‘a boost’ to the local area.
“I welcome any investment in the borough as the council has been through hard times in recent years. We need to create our own new revenue streams and we can do that by building more houses and collecting more business rates.
“If there is an opportunity for commercial properties that would be great, and homes are good as well. I think this will provide a boost to the local economy in Coseley.”
A design and planning statement submitted as part of the application states: “Despite the site being allocated as employment land it must be noted the site has remained vacant for some time now and is subject to anti-social behaviour problems during the evenings.
“It is understood Dudley Council have expressed a willingness to consider the site’s potential for residential development.
“The design of any proposed residential development must be orientated to address the site constraints highlighted.
“The railway line to the west and coal manufacturing plant to the north have been identified as major potential noise sources.
“And early noise assessments suggest a minimum 60-metre offset of built form from these boundaries.
“This will achieve a substantial amount of public open space that will benefit any residential development and also provides sufficient space for the incorporation of a sympathetic noise mitigation feature.”
A previous application in 2013, from Darkhouse Properties (Jersey) Ltd, for 108 properties, was approved, but no development took place.
Source: Express and Star