A MULTI-MILLION pound plan to transform one of Govan’s most historic sites is set to be revealed.

Designs are being drawn up for new homes and commercial units at Water Row ahead of the release of a £17 million masterplan for the site this month.

Glasgow City Council, Central Govan Action Plan (CGAP) and Govan Housing Association (GHA) want to turn the area into a “destination of choice” for residents, visitors and businesses.

The developers, working alongside Collective Architecture, hope to take advantage of the proposed bridge link from Govan to Partick by creating 202 new homes as well as restaurants, cafes and shops.

In a report, set to go in front of councillors today, Richard Brown, Glasgow’s executive director of regeneration, said: “Over the last nine months, the council, CGAP, Govan Housing Association and Collective Architecture have produced a masterplan for Water Row, which outlines a mixed-use development providing 202 new homes mainly for mid-market rent and 3550sqm of commercial space.

“The proposals will create an attractive destination and urban gateway at Water Row, capitalising on the proposed new Govan-Partick Bridge and emerging Waterfront Innovation Quarter to benefit Govan and the city.

“Proposals were developed through a participative, co-creative process involving both professionals and the community, a significant element of which focused on the relocation of two showpeople yards currently located at Water Row.”

Phase one of the masterplan is expected to see around 80 homes and 1,900sqm of commercial space built by May 2021.

New greenspaces and the redevelopment of the category A Listed Govan Old building into a visitor centre will also make up part of the masterplan.

Those proposals, being led by Govan Heritage Trust will cost £6m with work expected to start by April next year.

A community takeover of the Lyceum – one of the last remaining 1930s super cinemas in the UK – is also being considered.

The hope is that any new development would attract artists, furniture makers, cake makers and jewellers as well as more TV and film jobs and digital technology.

A new social enterprise hub and an innovation district for medicine and technology has been proposed, and a small boat repairs station, restaurants, cafés and play centre, as well as speciality shopping could also be included.

Access to the river, including kayaking, boating, jet skiing and triathlon events are being looked at.

It is expected that the project will cost in the region of £17million.