A planning application for the Weavers Cross Regeneration Project has been submitted to Belfast City Council following community consultation.
The outline proposals by Translink set out plans for the 1.3 million sq ft brownfield site on land surrounding the new Belfast Transport Hub.
At its heart lies the approved Belfast Transport Hub and Saltwater Square: a central gathering place for events, recreation and connection.
Weavers Cross will have the potential to create mixed-use space for grade A office, residential, leisure, retail, hospitality, social enterprise, community space and public realm in the city centre.
Chris Conway, group chief executive at Translink, said: “We have sought to bring forward proposals that sets out a direction for inclusive regeneration to be delivered by an appointed developer partner.
“We are delighted that there has been resoundingly positive feedback across the local community, business, passengers and the wider public, about the opportunity that Weavers Cross can deliver.
“Utilising the Belfast Transport Hub as a catalyst for transport led-regeneration, Weavers Cross is not just an opportunity to create new modern employment space and homes in the city but will generate long-term jobs and social value.
“As a hugely important NI Executive Flagship project, it will contribute to enhancing the city in line with the Belfast Agenda ambitions, helping ensure its long-term success for the benefit of everyone.”