The developer has submitted an application for 12 industrial units on a plot off Grimshaw Lane in Newton Heath previously occupied by engineering firm Mather and Platt.
The 25-acre site north-east of Manchester city centre is in the process of being cleared, and many of the former foundry buildings have already been demolished.
Having bought the site last year, Canmoor has submitted an application to Manchester City Council that would see the site speculatively redeveloped into 460,000 sq ft of industrial and warehouse units.
The two largest proposed units would be 146,000 sq ft and 124,000 sq ft and the smallest would be 5,000 sq ft, according to planning documents.
Lowry Park is rumoured to be one of a trio of industrial developments that Canmoor is looking to offload to Goldman Sachs. Agency DTRE is acting for Canmoor but declined to comment on the sale when contacted by Place North West.
The scheme, which is bounded to the north by the Rochdale Canal and to the east by Ten Acres Lane, is named in homage to artist LS Lowry, who featured the former Mather and Platt foundry in one of his paintings.
London-based Hale Architecture designed the scheme and LSH and Colliers International are the letting agents.
The proposals form part of the wider regeneration of the area around Ten Acres Lane; last year housing association Your Housing Group announced its intention to build up to 1,000 homes on a vacant 47-acre plot east of Ten Acres Lane.