Developers have submitted an outline planning application to build 150 new apartments off Newark Road in Bracebridge.
Peel Land and Property say that last year’s public consultation on the project was positive, with the access road including an improved junction with Newark Road.
Peel originally intended to submit an outline planning application for the 1.2 hectare area by the end of October 2010.
Louise Morrissey, Director of Land & Planning at Peel said the company worked with the City Council, the County Council and the Environment Agency to produce the plans for the scheme.
“[The] scheme […] will assist with the growth of the area and its growing population, whilst fully supporting the continued regeneration of the Bracebridge Revival Area.”
The proposal includes six new apartment buildings, holding 150 two-bedroom apartments arranged in two U shapes around the access road.
The buildings would be a mix of three and four storeys high, and developers want to improve the exisiting riverside walkway as well.
An outline application establishes the principles of the development, which then requires more detailed plans (Reserved Matters) before any construction takes place.