Property developer Hammerson has unveiled plans to build hundreds of new homes in Leicester city centre.
The company wants to turn part of the former Debenhams department store at Highcross into 300 build-to-rent apartments.
The plans also include flexible space for retail and leisure brands as well as improved public realm and amenities such as co-working space and a private dining room.
Now Hammerson is working with built-to-rent operator Packaged Living to develop the plans before submitting a planning application early next year.
The proposals will support the creation of up to 800 new jobs on site and in the supply chain during the construction phase.
Hammerson says the scheme will support its strategy to reduce the amount of floor space occupied by 'challenged retail categories' at its flagship destinations, particularly department stores.
Mark Bourgeois, Hammerson's managing director for the 海角视频 and Ireland, said: "This announcement is another example of the steps we are taking to manage the structural shift in retail whilst maintaining the vibrancy at our flagship destinations through a diversified offer and mix of uses.
"This exciting project will meet demand for rented accommodation in Leicester city centre and ensure Highcross remains an exciting destination for visitors, whilst supporting local businesses and boosting footfall."
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In 2019, a major reconfiguration of the former House of Fraser outlet unit at Highcross was completed allowing for new brands to move in including Zara, JD Sports and Treetop Adventure Golf.
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Hammerson says the project is also consistent with its ambitious target to be net positive for carbon emissions, water, resource use and socio-economic impacts by 2030.
Mark Woodrow, joint managing director at Packaged Living said: "We are delighted to be working with Hammerson and share their vision for a vibrant mixed use community in an excellent city centre location.
"The combination of Hammerson's vision and Packaged Living's experience in delivering thousands of build to rent homes provides a strong basis for a successful relationship."