Shanly Group has announced plans for a £100m redevelopment of land surrounding Chapel Arches and York Stream.
The proposal complements the work of Maidenhead Waterways Restoration Group (MWRG) which has submitted a planning application to open up York Stream and make it navigable for small boats.
Shanly wants to create a modern 'cafe culture' running alongside the stream with boutiques, restaurants and offices.
They would be topped by apartments of various sizes with basement parking.
It already owns most of the 3.5 acre site which encompasses land either side of the High Street in between St Ives Road and Bridge Avenue.
Work is already well under way to move the scheme forward with consultations carried out with town chiefs and discussions started with existing tenants who include La Roche gym and all the shops in The Colonnade.
A planning application could be submitted as early as this spring.
Leaflets are due to be posted out across Maidenhead next week announcing the plans and inviting people to a public exhibition.
It will be held on Thursday, February 2, from 12-8pm in the foyer of Maidenhead Library in St Ives Road.
Representatives of Shanly and architects Sidell Gibson will be there to discuss the scheme.
For more information on the exhibition contact Emma Chester on 01494 671331.
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