Forge Properties has applied for full planning permission for the development on a site at Carlisle Street next to the Morrison Bowmore bottling plant.

The £40 million development, which has been recommended for approval, will be considered by Glasgow City Council’s planning committee in two weeks time.

It is hoped the development will create more than 400 jobs.

The plan to develop the site would see a supermarket built alongside another retail outlet of a non-food variety, four business units, a gym and a petrol station.

Carlilse Street would also be upgraded as part of the plan.

The site has been identified by the Health and Safety Executive as a major hazard site because of the presence of significant quantities of ethanol which is found in alcohol.

The safety body has recommended the plan be refused but suggested the risk could be addressed by off-site storage of the ethanol.

The majority of the development site was cleared in the late 1960s and has remained vacant ever since.

An earlier plan for the site covered three times the area of the new proposal with substantially more retail, a cinema, restaurants, library, multi-storey car park and a development of flats.

But the developer agreed to submit a new plan as the scheme would have effectively resulted in a new town centre, impacting on existing areas.

The new proposal includes nine office/business units, a supermarket, a parade of six non-food shops, parking for more than 300 cars, a petrol filling station with a drive-through car wash and a two storey gym with a cafe.

A report to city planners says the scheme has the potential to deliver major regeneration benefits and pump prime further regeneration in the immediate area.

It said: “The proposal has the potential to satisfy an identified need for a main food shopping destination in an area that is currently under served.

“The net effect of the proposal is anticipated to serve as an impetus for regeneration of an otherwise vacant and derelict site that has lain unused in excess of 20 years.

“This proposal will involve investment of £40m associated with the retail store, the creation of 400 jobs within the store and additional construction jobs.

“It is considered the net benefits of the proposals represent a very significant material consideration in the delivery of major physical, social and economic regeneration within the Clyde Waterfront.”