Construction work on a £16m extension to Deepdale Shopping Park is under way.
The development will include four new retail units, industrial space, some retirement housing, a crèche, a new management suite and security office and 157 car park spaces.
Thirty retail jobs will be created, in addition to 115 jobs during the construction period.
Improvements to the park’s entrance and exit will also be made in addition to highway improvements to Blackpool Road.
The mixed-use scheme will be completed later this year.
Colin Gilligan, Centre Manager for Deepdale Shopping Park, said: “Deepdale’s new phase will bring a range of benefits to the local community.
“As well as creating vital new jobs, local investment and transforming an eyesore, the new phase will enable us to attract and accommodate new and exciting bulky goods retailers which are not currently represented in the area.”
The site previously housed a former Booker cash and carry warehouse and former Decco retail warehouse.
Both buildings had been vacant for a number of years, were in a state of disrepair and had been a target for anti-social behaviour.
Current retailers at the park include M&S, Next, River Island, Outfit, Argos, Boots, Clarks and Toys R Us.
The park, which has 1,000 free parking places, has been earmarked for expanson for some time.
Previous plans have been rejected and later approved, but have not proceeded for various reasons.
In 2012 an application to build two new units, one of which was expected to include a John Lewis store, was approved, but never materialised.
An original application to develop the site was approved in 2010 but the proposals were put on hold due to the economic climate.
The extension plans have been been successfully re-submitted by Deepdale Co-Ownership Trust, which operates the site.
The site, formerly known as Deepdale Retail Park, is owned by British Land.