The club intends to expand the Peter Taylor Stand by 6,000 seats, raising the overall capacity of the stadium to 36,000, and wants to add a museum, a new club shop, hospitality lounges and new executive boxes.
The revamped stand would include 10,000 seats split into three tiers.
Following a public consultation, the club has submitted a hybrid planning application to redevelop the stand, create new car parking provision and build up to 250 residential units, which would be arranged in two blocks.
Building work is expected to begin during the first half of 2020 if the plans are approved.
275 additional jobs could be created when the project completes.
