Plans for a £25-million complex including an 80-bed hotel and seven-screen cinema in Douglas have been submitted.
The site, known as Quayside North, would also house three restaurants, 20 apartments, four retail outlets and a six-storey car park.
It would be based at the former Lord Street bus station in the capital.
The proposals have been submitted by Kane Ltd - if approved, work could begin on the site in early 2019.
Difficult to compare Island's Hospice funding with UK, says minister
Mountain Road to close because of gales
New amber warning issued for tonight's storm
Police appeal over theft of building materials
One of capital's oldest buildings may become housing
New NHS safety rule to be brought in on Island
Two city streets to shut for over six months
Revamp of airport terminal planned, says DOI