The Kennet Centre in Newbury is to be redeveloped into a mixed-use scheme of build-to-rent and office assets.
Plans seek to replace the 250,000 sq ft centre with 50 retail units spread over five acres.
Development would see all buildings demolished, excluding the multistorey car park and Vue cinema.
The Eagle Quarter will comprise 402 flats, a 43,000 sq ft office building, flexible commercial space, and will include a 21,500 sq ft incubator tech-hub, with further ground floor retail units and pop-up stands.
Some 379 homes will be build-to-rent, with a reception and concierge, lounge, gym, private dining space and workspace.
The application has been lodged by Lochailort Newbury, a special purpose vehicle controlled by Ocorian fund managers. It follows the acquisition by RivingtonHark and partners in 2019.
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