Plans have been submitted to Aberdeenshire council this week that include a supermarket, hotel and 500 homes for Stonehaven.
The plans for a mixed use development has been launched by Drum Property Group and Baratt North Scotland.
The organisations have said the plans, if approved, would “provide a real opportunity to deliver a sympathetic and sustainable expansion to one of Scotland best loved tourist destinations.”
The proposals, which the groups have said have been revised to take on board feedback obtained from the local community over the last few years, also looks at the key objectives in the local development plan.
The Mill of Forest proposals would deliver a new supermarket, community facilities, gateway business park and a hotel. It would also have 500 homes which was reduced from 1,500. The supermarket and key infrastructure links, including a new bridge across the A90, would be delivered as part of the first phase of development.
Chris Ross, Senior Land Manager, Barratt North Scotland said that: “Whilst we have reduced our proposed homes from 1,500 to 500, we are fully committed to delivering 125 affordable homes to start to address the current imbalance.”
Fife Hyland, Communications Director, Drum Property Group said: “We are committed to delivering new road infrastructure, supermarket and a variety of homes within the first phase of development, and pending planning consent would hope to have these elements in place by early 2018.”