The plans, if approved by Gosport Borough Council, would create hundreds of homes and job opportunities while creating an attractive place for people to visit.
From 1914 to 1996 the Royal Naval Air Station Lee-on-the-Solent or HMS Daedalus has been the home and workplace for thousands of people, an engine for a community and a point of pride in the UK.
First used as a seaplane base during the First World War, it later became the main training establishment of the Fleet Air Arm.
HMS Daedalus was described as the ‘beating heart’ of Lee-on-the-Solent in its heyday, providing jobs and income to the area.
The armed forces left the site in 1996, which led to the decay of many historic buildings on the site.
Part of the site has already been developed by the Wates Group into Daedalus Village.
The remaining land, under the ownership of Homes England, is now up for development following a planning application submitted to Gosport Borough Council.
Developers have envisioned transforming the 42-acre site into a mixed-use development that ‘begins with jobs, commerce and economic development’.
The project, named Daedalus Waterfront, is a joint venture between Homes England, MurrayTwohig Development, Orwell Real Estate and Patron Capital, led by Daedalus Development Company.
The proposal, if approved, would deliver 350 homes including affordable housing which is rented at 80 per cent of the market value.
The housing would be a mix of two to three-storey houses with the majority of homes being provided through apartment blocks.
The homes will be supported through the delivery of 450,000 sq ft of modern employment and light industrial space to attract business and jobs.
A new public park and residential areas will also be provided to create new, attractive places for residents and visitors.
Central to the vision is the restoration of historic buildings including First World War hangars, these will be the ‘gateway to the project’ and home for an upgraded Hovercraft Museum.
The application will be determined by Gosport Borough Council’s regulatory board by March 31.
Residents have the opportunity to share their views by commenting on the plans, which will be considered by council officers when recommending a decision.