Plans have been submitted for a major Cardiff Bay regeneration project.

The masterplan for the Cardiff Peninsula development, adjacent to Cardiff International Sports Village, was submitted by Savills on behalf of Orion Land & Leisure.

The 5.88-hectare site will see more than 1,000 new homes built, along with an employment-generating innovation centre, restaurants, shops, and a hotel.

Orion was chosen by the Cardiff Peninsula Consortium to bring the scheme forward as the master developer.

The Cardiff Peninsula masterplan was designed by Apt Architects.

Portia Banwell, associate director for Savills Cardiff, said: "This waterfront site has been subject to many scheme designs over the last 20 years.

"Since being selected last year, Orion has pursued an ambitious and transformational scheme that finally utilises this unique location, while blending seamlessly with the exceptional sports development, which attracts over 1 million visitors to the area each year.

"Savills has supported Orion at a number of public consultation events in 2024 involving local residents and many key stakeholders, with the emerging scheme receiving significant support."

Work could begin in 12 months following consideration by Cardiff Council of the outline application and subsequent reserved matters applications.