Site owner Sovereign Centros is seeking outline consent from Glasgow City Council for its plan to demolish the current shopping centre over the next 15-20 years to make way for up to 1,700 homes, offices, reduced retail and a four-star hotel.

There would also be an “inclusive and accessible” public space, including widened streets and a square.

Guy Beaumont, director at Sovereign Centros, said: “A great deal of effort has been invested into the creation of this masterplan which reflects extensive engagement with key stakeholders across the city.

“We have been clear that there is still a lot of detail to be developed and this is the start of a long journey, however, we are confident what we have set out represents an excellent contribution to the city and will future proof the site.”

A change of use application was previously submitted by the company for the repurposing of the upper floors of the vacant Debenhams building on Argyle Street.

Leslie Jones Architecture; Oobe landscape; Iceni Projects; Woolgar Hunter and Atelier Ten make up the project team.

Stuart Patrick, chief executive of Glasgow Chamber of Commerce, added: “Investment in our city centre is crucial after the challenges we have faced over the past two years.

“The plans proposed by Sovereign Centros are a vote of confidence for Glasgow in the face of a changing retail landscape  and it is encouraging to see those plans set out a mixed use development that expands leisure activities as well as workspace and residential.

“The extent of the consultation on this project is recognised and welcomed as these plans will shape the future of our city and strengthen our prospects of attracting local and international investment.”

If the outline masterplan secures consent, Sovereign Centros said more detailed proposals will be developed for consultation.

Stuart Patrick, chief executive of Glasgow Chamber of Commerce, added: “Investment in our city centre is crucial after the challenges we have faced over the past two years.

“The plans proposed by Sovereign Centros are a vote of confidence for Glasgow in the face of a changing retail landscape and it is encouraging to see those plans set out a mixed use development that expands leisure activities as well as workspace and residential.

“The extent of the consultation on this project is recognised and welcomed as these plans will shape the future of our city and strengthen our prospects of attracting local and international investment.”