The proposals have been amended following a consultation with the Leith Walk community, which included five days of public exhibitions, setting up a community liaison group and regular update meetings with tenants, local community groups and stakeholders.

Drum is proposing a £50m mixed-use scheme on a site near to Leith Walk, which will comprise 53 affordable one-, two- and three-bedroom homes and student accommodation.

It will also include a 56-room hotel plus leisure and retail units.

The proposals would come into play when the existing tenants move out and the site is vacant in 2019.

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Graeme Bone, group managing director at Drum, said: “We have listened to the often-passionate views of the local traders and community and we understand the importance of maintaining a distinctive and independent feel for this important stretch of Leith Walk – while bringing a bold, modern development for a confident and diverse Leith.

“Our proposals will bring an added dimension to Leith Walk, opening up what is currently an inhospitable industrial site by creating a vibrant, contemporary and accessible community for residents and visitors alike.

“We want our proposed development to become a blueprint for introducing modern, contemporary design into the urban landscape without sacrificing the individuality and vibrancy that makes Leith unique.

“Our revised proposals, incorporating sympathetic design with an eclectic mix of residential accommodation, hotel, restaurant, retail tenants and a stand-out live music venue, will continue the rich tradition of diversity, independence and interest which makes Leith Walk such an exciting destination in which to live, work and visit.”