The proposals would see the construction of hundreds of new apartments – likely build to rent - on the site of the former Snodgrass Flour Mill, east of the Kingston Bridge.

Around 450 direct and indirect jobs are expected to be created during the construction period and once the site is in operation.

Commercial space is also planned for the ground floors of the current car park site, to serve the growing neighbourhood and surrounding community.

As part of the pre-application consultation process, the local community will have an opportunity to view the proposals in person at two public consultations on Wednesday 22 March and 10 May.

Delivering significant inward investment for the city, the proposals mark the latest development from the global real estate investment management company, who recently completed a 422-bed purpose-built student accommodation development on Cathedral Street.

A spokesperson for CA Ventures said: “These proposals will regenerate what is currently a derelict site in Glasgow’s city centre, contributing to the ongoing redevelopment of the waterfront as a place to live and work.

“Glasgow was the location of our first development in the UK, and we remain committed to delivering substantial investment in the city.

“This is a great opportunity to transform a forgotten part of the riverside area by making it an attractive place for city centre living, while boosting the local and wider economy.”

“Anyone with an interest in the proposals can attend our in-person events on 22nd March and 10th May, where our project team will be on-hand to discuss the proposals with the local community and to answer any questions they may have.”

Both consultations are being held between 3.00 pm and 7.00 pm at Box Hub, 50 Washington St, Glasgow G3 8AZ. A full project website will be published in the coming weeks, following the publication of a holding page.