Design practice, rg+p has come up with a vision for Fleet Village including new apartments alongside 3,000 sq ft of retail units.
The Enquirer understands LCL are in preliminary discussions with a number of contractors but are keen to talk to other companies.
The developer is hoping that work will start on site in Spring 2019.
Chris May, partner at Howes Percival, commented on behalf of LCL: “This area of Leicester has seen little or no growth for the past 15 years and is desperately in need of regeneration.
“We believe the proposed development, which is expected to create up to 100 new jobs during construction, is the right catalyst for this much needed regeneration.
“The scheme seeks to provide a range of new homes to suit the local housing market as well as retail and leisure facilities we feel will benefit the community.
“Fleet Village represents a major investment for our home city and we’re really excited about what it could mean for those wanting to live, work and play in Leicester.
“We’re hopeful for a positive outcome from our planning applications very soon.”
LCL has a strong track record delivering similar schemes in Leicester, having successfully completed 250 apartments at Clyde Court on Erskine Street and Markfield Court off Abbey Park Street.
James Badley, architectural director at rg+p added: “Fleet Village has the potential to become a statement development for Leicester and is certainly one of the largest investments the city’s housing market has seen in recent years.
“LCL has engaged extensively with the local authorities so we remain optimistic for the development’s future.”