Plans to create a new business quarter as part of the proposed redevelopment of a 37-acre (15-hectare) site in the centre of Coventry have been submitted to the local authority.

Friargate Coventry, the development vehicle for the Dublin-based property firm, Cannon Cannon Kirk, is behind the office-led scheme, which includes two new hotels, restaurants, bars and retail units. The plans, which have been drawn up by architects Allies and Morrison, have been submitted to Coventry City Council (CCC) and also include the creation of new public spaces and the upgrade of Greyfriars Green conservation area.

Rodney Pilcher of Friargate Coventry said: "Friargate will inject millions of pounds into the local economy during the development stages and, once the buildings are ready for occupation, up to 15,000 new permanent jobs could be created for the city. "Friargate presents the opportunity for a major regeneration project of the highest quality right next to the train station that will create clear pedestrian links into the city's retail core."

CCC cabinet member for city development, Gary Ridley, added: "This will link perfectly to our plan to develop the south of the city centre first and it will create an impressive, green connection between the railway station and Greyfriars Green which will mean people will not have to use a chain of subways."