The new proposals include the delivery of a new supermarket, community facilities, employment land, a hotel and 500 homes as well as a new road bridge across the A90.

Initial plans to build 1,500 new homes at the site were rejected by councillors late last year.

Drum and Barratt have said the development would be phased and “a fundamental element of the proposal is the delivery of the supermarket and the key infrastructure links, including a new road bridge across the A90, at the outset of development”.

The exhibition will be held in St James’ Church (Arbuthnott St), Stonehaven and the drop in event will be between 12pm - 7pm.

Chris Ross, senior land manager for Barratt North Scotland, has urged people to get involved in the consultation process.

He added: “As well as the long debated discussion about where a supermarket should be located in Stonehaven, a key issue for the local community and their families is both the affordability and supply of homes within the town.

“It is vital that the current imbalance is addressed, that is why we are committed to delivering 125 affordable homes as part of the Mill of Forest proposals.”