Liverpool have unveiled plans to expand Anfield's capacity to nearly 60,000, with detailed proposals to expand the Main Stand that also include a new home for the Hillsborough Memorial.

The plans, which also contain outline proposals for the expansion of the Anfield Road Stand, will go under public consultation this week to give residents and supporters the opportunity to have their say before the club submits the official planning application in the summer.

An artist's impression of Anfield's expansion plans. Photograph: theguardian.com

If approved, an additional 8,500 seats would take the capacity of the new three-tiered Main Stand to 21,000, while a further 4,800 could be added to the Anfield Road Stand to boost the overall capacity to around 58,000.

Several houses would need to be demolished to complete the work, although Liverpool City Council is already thought to have agreed deals for 67 of the 71 homes affected and could issue compulsory purchase orders for the remainder.

"To move forward with our expansion plans we need to have certainty that we can navigate the complex planning process and secure the support of the community, home owners, businesses and other key stakeholders. This consultation exercise is an important part of this process," said Liverpool's managing director, Ian Ayre.

"We started this journey just over 18 months ago and a lot of work has already been done, there is still an incredible amount to do, but good progress has been made so far and we are proud to be able to unveil our plans."

An artist's impression of Anfield's expansion plans. Photograph: theguardian.com

Designed by architects KSS – the firm which has completed expansion work at Chelsea and Manchester City in recent years – Liverpool are hopeful that the work on the Main Stand could be completed in time for the start of the 2016-17 season if planning permission is granted.

"This is another important step in our ambitions to transform the Anfield area, bringing new jobs, investment and housing," said the mayor of Liverpool, Joe Anderson.

"The overall regeneration of Anfield will see £260m invested in the community and will deliver hundreds of jobs – Liverpool's proposals for the stadium are a key part of this. We are all committed to delivering a brighter future for Anfield and the club's exhibition is a clear signal that real progress is being made with all our plans."