The proposals include a 601-bedroom student village, 144 homes, an 84 bedroom four-star hotel, a health plaza, convenience store and restaurant.

The company revealed plans for the development of the former five-and-a-half acre former Sainsbury’s site on the riverfront in April 2015.

Design and planning consultancy Nash Partnership, on behalf of Fear Group, has now submitted a planning application to Newport City Council, following a public consultation in the spring.

Fear Group is the preferred partner of the University of South Wales for the provision of the new city centre student accommodation by the autumn of 2017.

Director Leon Fear said “We have long believed in the future of Newport as a key strategic location and look forward to delivering this important regeneration project to form the next chapter in Newport’s emergence as a regional powerhouse.”

Robert Locke, partner at Nash Partnership, said: “The city of Newport is undergoing a transformation and the council’s riverside regeneration initiatives have given the city a feeling of self-belief.

“This has presented an ideal opportunity to make something happen at Wyndham Street, and our scheme aims to make a real and positive contribution to the city’s wider economic regeneration objectives.”

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