The developers have previously submitted a Proposal of Application Notice to create a £30 million residential, retail and leisure provision at the Thimblerow site.
Plans for 'The Mill Quarter' include establishing a mix of restaurants, speciality shops, a multi-screen cinema, housing, and a multi-storey car park.
A council spokesperson said: "Members of the Strategic Policy & Resources Committee of Perth & Kinross Council today welcomed an update on the progress developing the landmark Thimblerow site in the heart of the City of Perth.
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"The site, which is being developed by Expresso Property and will be known as The Mill Quarter, will establish a mix of restaurants, speciality shops, a multi-screen cinema, housing, and a multi-storey car park. Expresso Property have previously submitted a Proposal of Application Notice for the site, and are now close to finalising a detailed planning application for submission.
"Committee members have also backed proposals for the Council to lease and manage the 201-space multi-storey car park within the site. In line with the recent renovations to South Inch and Canal Street multi-storey car parks the new 201-space Mill Quarter car park will follow the pay-on-exit model."
A spokesperson for Expresso Property said the company is "delighted" the scheme has been given the go ahead.
"Providing a major new leisure facility for the City comprising a state of the art cinema with restaurants, over 200 parking spaces and 58 apartments we hope to be in a position to submit a planning application during the next few months, targeting a scheme opening late spring 2019," they said.
(LM/MH)
