Developers have been granted planning approval to extend Valentine Park South off Tritton Road in Lincoln.
Lincoln-based Castle Square Developments obtained consent for a new 12,000 sq ft unit attached to the left of The Range.
Valentine Park South is already home to The Range and Wren Living and is located next to Valentine Retail Park, which is home to Next, TK Maxx and Asda Living.
The new unit will have 8,000 sq ft of ground floor space, which could be increased to 12,000 sq-ft with the installation of a mezzanine floor if required.
Chartered Surveyor Banks Long & Co, which represents the developers, hopes the new unit would attract a high profile retailer to the city.
Banks Long & Co Surveyor Tom Strawson said: “We feel that the timing of obtaining the consent is appropriate, as there are certainly signs to suggest that the market has turned a corner.
“We are already in discussion with a number of high profile operators and hope to be able to make an exciting announcement in the near future.”
Castle Square Developments Director John Lockwood said: “We are confident that we will be able to generate some strong early interest in the unit, considering the strength of this location and the past success we have enjoyed with both Valentine Park developments.”