Andium, which bought the 9,100 sq-metre site last year, said it wanted to replace the previously passed plans submitted by Brookfield Tunnell Street Holdings Ltd to build about 250 homes on the site with a much smaller development and extend the park.
The new proposed development on the Gas Works site would see 110 homes built and possibly a 200-space underground car park.
Andium already has plans to create an additional 600 homes on other sites in the area, including Robin Hood, Convent Court, Ann Court, Ann Street Brewery and the Ann Street Boiler House.
The proposal was passed by 32 votes to two. The new development is still subject to planning permission.
