The plans for the first phase of the multi-million pound Kirkstall Forge development will be unveiled at a public consultation.
Residents are being given the chance to discuss the development which will see office space and 250 apartments at the brownfield site.
Later stages of the development will see the company running the development, Commercial Estates Group, make applications for three and four bed family homes.
A public consultation will be held at Hawksworth Village Hall on Monday, April 13, between 4pm and 8pm.
Charles Johnson from CEG said: “We hope residents will come to the event and find out more about our proposals.
“This is an exciting development which will revitalise this brownfield site.
“The design embraces the heritage of the site.
“It will reopen the medieval mill race and ultimately incorporate the forge at the heart of the public realm.”
Planning permission for the redevelopment was granted back in 2007 and has since been extended. The investment at the brownfield site forms part of a vision to transform the area with more than 1,000 new homes.
And a brand new train station set to open in October is hoped to provide links into Leeds city centre.
The new riverside community could create around 2,400 new jobs and bring around £400million of private sector investment to the area.
Kirkstall Forge has also been nominated in a number of categories for the Placemaking Awards. The awards aim to recognise developments and their role and partnership with the local community.
The company is hoping to start work on the development later this year and subject to further planning applications the homes should be ready for occupancy next year.
Office space is expected to be ready for occupancy early 2017.