European developer and investor Cannon Cannon Kirk, through its Friargate Coventry development vehicle, has submitted a planning application for a 37-acre scheme opposite Coventry train station.
The site could hold 3.2m sq ft of new space, a large proportion of which would include offices, the developers say.
The masterplan for the scheme was designed by Allies and Morrison. Public consultation has taken place through the summer.
Rodney Pilcher, who is overseeing the development proposals for Friargate Coventry, said: “Since we presented our proposals to Coventry City Council and members of the public back in May, we have spent considerable time consulting with local people and stakeholders and have refined the designs to create a very exciting scheme masterplan.
The masterplan includes 14 office buildings, two hotels, new residential space and new streets with retail and restaurant bar units as well as public spaces. In total it includes 26 new buildings.
Councillor Gary Ridley, Cabinet Member for city development, said: “It is another major step in the development of our great city and it will create thousands of new jobs for local people. It is also tangible proof that the developers believe in our city, even in these difficult economic times.”