The new development will cover more than 1.2m sq ft providing new homes, retail premises, leisure amenities, public artwork and new public realm.
Anglia Square will deliver a series of striking buildings designed around two “Covent Garden style” landscaped plazas.
It will contain over 1,200 new homes and 40 glass fronted retail units alongside a new 200 bed hotel and a new leisure quarter centred on a multi-screen cinema.
There will also be a replacement multi-storey car park providing 600 shopper parking spaces.
Bob Weston, Chairman & Chief Executive of Weston Homes, said: “This is one of the biggest urban renewal projects outside of Greater London, bringing striking new buildings, “Covent Garden” style public spaces, inward investment and job creation.”