Plans have been submitted for a regeneration scheme which could be the biggest ever seen in Wales.
Central Quay, on the site of Brains Brewery in the centre of Cardiff, would see more than 2.5 million square feet of development as the Brewery itself relocates to Cardiff Bay.
The proposed development would include new bars, restaurants and apartments as well as business premises, creating and supporting thousands of jobs.
A planning application for the first phase of the ambitious project has now been submitted to Cardiff council.
Central Quay, running along the River Taff with a waterfront plaza, could see:
· 1,000 apartments
· 50 bars and restaurants
· 1.5 million square feet of new office space
· A multi-storey car park for 650 vehicles
· A 300,000 sq ft new university campus
· The historic Brains branded chimney remaining as a key feature
· The original 19th century brewhouse forming a backdrop to the riverside plaza with a huge central water feature
Cardiff Metropolitan University has identified Central Quay as its preferred location for its School of Technologies, which aims to have 2,000 new students by 2023.
A decision on whether it will commit to a new build campus at Central Quay is expected shortly, Wales Online reports.
Central Quay is the latest development from Cardiff-based property development firm Rightacres, which is behind the now well-advanced Central Square regeneration scheme by Cardiff Central train station.
Rightacres is working closely with Transport for Wales, Network Rail, Arriva Trains Wales and Cardiff Council’s transport department to ensure that the scheme can incorporate a fully integrated transport solution as part of the wider Metro plans.
This could see a light rail or tram station at Central Quay - and at the back of Cardiff Central train station - with a route to Cardiff Bay.
Also planned is a dedicated coach station and an undercover taxi rank.
Following an expected six-month planning process, work on the first phase of Central Quay could start in September and be completed by June 2020.
The includes the 12-storey Ledger building, which will be Wales' largest ever speculative office scheme aimed at the financial and professional services sector.
The proposed landmark building will also include the Market Place - a 15,000 sq ft indoor hall that will showcase Welsh chefs, food and drink producers.
Chief executive of Rightacres, Paul McCarthy, said: "Central Quay will create a new chapter for a site with a long history bringing new ideas, creativity and ambition to this vibrant city centre location.
"It is poised to become Cardiff’s focal gathering place for businesses and visitors with live music, a wide choice of bars and restaurants and a calendar of events such as food and beer festivals."