The St James retail park will span 8.23 acres, across Sheffield College’s former Norton campus site, and will be occupied by high-profile national chains including Aldi.
If the development gets the go-ahead, it is expected to create 250 full-time new and sustainable jobs, plus 124 during construction.
Paul Morris, director of St James Securities, explained: “This is a tremendously exciting development, which will radically enhance the retail offering in south Sheffield.
“Aldi has already committed to taking almost 20,000 sq ft of prime space and we are in advanced discussions with a number of other major retailers.”
Should plans be approved, work on the site to demolish the Norton campus will begin later this year and it is hoped that the retail park will be open by Christmas 2017.
“Our vision is that families will be able to come to the area for retail, leisure, sport, fun and food all in one journey,” adds Morris.