A new Lidl and B&M Homestore are at the heart of the plans for the former Benyon Centre site, a former bus terminus alongside Middleton Ring Road in Leeds.
The site was bought through a joint venture between property companies Marshall CDP and Rothstone Estates from previous owner Tesco.
It will be transformed into a new retail destination called St George’s Retail Park.
Along with the 26,620 sq ft Lidl store and 25,000 sq ft, B&M Home store, there will also be six other shop units of varying sizes as part of the plans.
Mark Rothery, managing director of Rothstone Estates, said: “This is a major brownfield site that has been unused for many years.
“Our plans represent a significant investment into the local area and will provide many new jobs at every level in each store, while delivering more shopping choice for local residents.”
Initial consultation on the plans will take place later this month where the local community can comment on the proposals and ask questions to the project team.
Public exhibition sessions will be held on September 19 between 3pm-7pm at St George’s One Stop Centre on St George’s Road and at St John and St Barnabus Church Hall on Belle Isle Road on the September 22, also between 3pm and 7pm.
Previously the site had been earmarked for a Tesco store and it has been vacant for over 10 years with the buildings on the land demolished in 2011. Tesco submitted plans for a new store in 2009. However, Asda also wanted to build a new store on land close by and in 2010 it won the battle.