The multi-million pound proposal is one of the largest city region investments in a decade and will create 1,000 jobs.
The 330,000 sq ft Leisure Hall will contain a range of dining and entertainment features, including a number of restaurants, a modern cinema, a new café court, a gym and additional leisure space.
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External spaces will also be developed to accommodate external spaces for community, promotional and outdoor event use.
A detailed planning application is due to be submitted in late summer 2016, following consultations with local stakeholders.
If approved, British Land aims to start development on site in 2018, with the Leisure Hall open to visitors in late 2020/early 2021.
Charles Maudsley, Head of Retail and Leisure for British Land, said: "This significant step change in the scheme's leisure provision will contribute to Sheffield's continuation as a driving force behind the Northern Powerhouse."
Plans for the project will be on display at Meadowhall between 11am – 6pm on 03 June and 10am – 4pm on 04 June.
(LM)
