Dublin's Moore Street and Upper O'Connell Street will be transformed under new plans for the area.
UK property group Hammerson have scrapped plans for a €1.25bn enclosed shopping complex in favour of an open scheme.
The new plan will see a new east-west pedestrian street between O'Connell Street and Moore Street, two new civic squares, shops, offices, apartments, a hotel and a metro station.
There will also be a historical trail at the site to commemorate 1916 Rising events.
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The Irish Times reports that the group will seek planning permission for the development early next year with the hopes it will be completed by 2024.
