British Land, joint owner of the centre, has proposed 300,000 sq ft of dining and entertainment space, including a state-of-the-art cinema to replace the existing cinema, a new cafe court and gym.
The new Leisure Hall will integrate with the existing centre, housed under a glass roof, to create a new multi-levelled mall which has also been designed to accommodate large outdoor events including live music.
More than 1,000 jobs will be created, in addition to a number of temporary construction jobs.
Darren Pearce, Meadowhall centre director, said: “This is a very exciting era for Meadowhall. The proposed Leisure Hall is designed to give our shoppers ever more choice and variety.”
Charles Maudsley, head of retail and leisure for British Land, added: “We are continuing to drive Meadowhall’s evolution to ensure it remains an outstanding place for modern consumer lifestyles.
“This is a very exciting time and we look forward to working with Sheffield City Council to help ensure Sheffield’s future success.”
A detailed planning application for the Leisure Hall will be submitted in late summer 2016, following extensive consultation with local stakeholders.
If the proposals are approved, British Land hopes to start on site during 2018 and open the Leisure Hall to visitors in late 2020early 2021.