Plans for Invercargill's $160 million inner city redevelopment have been unveiled.

Photo: Supplied/HWCP

The plans include a sprawling retail precinct, additional car parking spaces, a boutique eatery and a central medical centre.

The development was expected to generate 400 job per year during its construction phase.

Resource consent is expected to be lodged before August and cover the block of buildings between Esk and Tay streets.

HWCP Management chairperson Scott O'Donnell said the company wanted to use as much local labour and services as possible.

Demolition is anticipated to start early next year with hopes the building will be completed in the following three to five years.