The Preston Tithebarn Partnership joint venture between Grosvenor and Lend Lease will launch proposals for the long-awaited £700m retail development with a public consultation starting on Saturday 17 May.
Members of the public will be invited to view the proposals at a new Information Centre at 50 to 52 Lancaster Street until 11 June.
Visitors will be able to view the plans for Tithebarn, along with a 3D model which will illustrate the proposals.
The Tithebarn proposals include 1.5m sq ft of retail, leisure and residential development. The scheme will consist of a 230,000 sq ft John Lewis store, a further 150,000 sq ft department store, over 100 retail units, more than 20 restaurants and cafés, and a multi-screen cinema. In addition there will be approximately 400 residential apartments, over 2,700 parking spaces, a new and refurbished market area and a new, relocated bus station.
Anthony Gill, project director of the Preston Tithebarn Partnership, said: "Preston is an increasingly important city in the region, yet with much more potential to be realised. The proposed regeneration of Tithebarn is a major step forward for the city and, as such, we believe it is vital we understand the wishes of local people.
"We look forward to talking people through our proposals during the upcoming consultation period and to hearing their thoughts; it is important to us to know what they want for Tithebarn so that we can work to meeting their needs and aspirations. All feedback received will be invaluable and will help towards shaping the final plans."
The JV is expected to name the second anchor store and cinema operator in the coming months. A planning application is due to be submitted in the autumn.
Jim Carr, chief executive of Preston City Council, added: "The Tithebarn scheme will see the regeneration of a large part of our city and will ensure that Preston is able to compete with other high quality retail centres like Liverpool and Manchester.
"I would encourage anyone who lives or works in the city to get involved in the consultation process and ensure that their voice is heard on the proposals; this scheme is being developed for Prestonians so it is only right that they help to shape it."