How the Folly Reach site will be laid out with 1 denoting the houses and apartments, 2 the hotel, 3 river users’ facilities and 4 the visitor centre.
A PLANNING application for the luxury Folly Reach development is expected to be submitted to planners next month.
Public exhibitions took place at Whippingham Community Centre and East Cowes Town Hall, where final details of the planning application were displayed.
The application came after four years’ work and consultation, which included a public exhibition in March.
The developer, Colonnade (IW) Ltd, said it wants to build 99 high-quality homes on the site of the long disused and dilapidated Folly Works.
As part of its consultation, Colonnade has produced Folly Reach: The Future, in which it details its plan.
It includes luxury homes and a four-star hotel with leisure and restaurant facilities.
If it gets the planning go-ahead, Folly Lane would be improved, there would be a new private dedicated access to the site and the opportunity to extend the cycleway from Newport.
Colonnade said a new bird reserve would be formed by creating a new island in the Medina.
There are seven individually designed home types, ranging from two-bed houses and apartments to four-bed homes.
Colonnade promised improved facilities for river users and a new headquarters for Ryde Rowing Club.
Colonnade’s Alastair Watson said: "Folly Reach is an exciting project for the team and a unique opportunity.
"The responsibility to create a contemporary village environment on a redundant industrial site will provide the opportunity to live in a rural location on the banks of the lovely River Medina."