Southampton City Council has given the go-ahead for Hammerson's £70m Watermark WestQuay project in the UK.
The mixed-use scheme on the former Pirelli site, which also houses the Hammerson-developed WestQuay Shopping Centre, will have total area of 950,000ft².
The construction work is planned to be developed in two phases. It is scheduled to begin this autumn with completion expected in autumn 2016.
The first phase of construction will see the development of a ten-screen cinema, up to 20 restaurants and a major public piazza.
The Watermark WestQuay will have two levels with restaurants and cafés at lower levels and the leisure and cinema on the upper levels.
Phase two will consist of a new residential tower with up to 240 apartments and one or two hotels, as well as offices and retail spaces.
Hammerson development manager Guy Wells said that the site offers a unique opportunity to deliver an exceptional leisure and dining destination for Southampton.
"We have been encouraged with the level of support we have received on the scheme from stakeholders and we have worked hard with the council to create a scheme that is already generating strong interest from potential occupiers," Wells said.
Southampton City Council leader Councillor Simon Letts said he is pleased with the approval of the application for the flagship city centre master plan.
"The plans for the site are expansive, imaginative and inspiring. Watermark WestQuay will add a fantastic dynamic to Southampton both visually and as a leisure hub within our city centre, providing a vast array of new dining and leisure experiences, as well as up to 500 jobs; not including the construction jobs that will come during the build phase," Letts said.
ACME will serve as master planner and architect, Grant Associates and Barton Wilmore will be the landscape designers and planning advisors for the project, respectively.
Image: Artist's impression of the £70m Watermark WestQuay development in Southampton, UK. Photo: courtesy of Southampton City Council.