Transforming Town Quay into a 'world-class waterfront' could see the replacement of one of the city's busiest terminals. 

The Nicholas James Group wants to pump £200m into Southampton by overhauling the city waterfront.

The firm is looking to replace the Red Jet terminal with new ferry berths and reclaim land from the River Itchen.

The project would involve redesigning and extending the existing marina to create more pontoons.

The developer's proposals include plans for three new apartment blocks with 500 flats, underground parking, restaurants, food halls, and a hotel. 

It is unclear how the scheme would impact services between Southampton and the Isle of Wight, however, the Echo has contacted Red Funnel for more information. 

Daily Echo: Atlantic salmon is listed as a Species of Principle Importance in England Atlantic salmon is listed as a Species of Principle Importance in England (Image: Canva)

Meanwhile, the Environmental Agency has raised some concerns over how construction at the site could impact marine life. 

The agency says that piling and dredging could negatively impact a range of fish species, including Atlantic salmon.

Its population in the River Itchen is in a perilous state and has not met its most basic measure of sustainability since 2015, according to documents submitted to the city council.

The online document states the Atlantic Salmon is listed as a Species of Principle Importance in England.

Furthermore, they are protected under the Conservation of Habitats and Species Regulations 2017 in England. 

The document states: "Any dredging proposals must demonstrate that there will be no negative impact on migratory fish, shellfish waters, designated sites, protected and priority species and habitats."

The agency is urging developers to carry out the operation with minimal impacts on the natural environment.  

Daily Echo: Nicolas Roach Nicolas Roach (Image: Nicolas James Group)

A spokesperson for the Nicolas James Group said: "Our experienced consultant team is working on their investigation work, surveys, and reports, and we’d be delighted to provide detailed responses in due course. 

"However, from the work already undertaken, we are confident we can prepare a fully robust response in all areas." 

The firm says that if its plans are approved, work is expected to start next year, which will create thousands of jobs.