Plans have been drawn up to develop flats and restaurants on five acres of land next to the water at Doncaster Lakeside, causing concern for residents.
The site, currently grassed land opposite the existing housing developments on Lakeside Boulevard, has been put up for sale to developers for housing and leisure, with a £4.3 million pricetag.
Bosses at the council say they want to see independent restaurants, rather than chains.
Peter Dale, Director for Regeneration and Environment, said: “Doncaster is an ambitious borough and very few places in the UK come close to us in terms of delivering major regeneration projects over the last ten years.
Some of our major successes include the iport, Doncaster/Sheffield Airport, the Cultural and Civic Quarter and The Racecourse. In recent years we have successfully developed the National College of High Speed Rail and Great Yorkshire Way. The 5.4 acres Lakeside Boulevard development is another great example of this.
“We are looking for bids from national and international developers to deliver this high quality development. The site is one of only a few remaining sites that directly overlook the lake. Our aspiration for the site is to have a mix of high quality apartments and independent restaurants built to the highest urban design and architectural standards.
“We are expecting to receive bids in by the end of August and they will then be assessed. Once this process has been completed we will then be in a position to make further announcements about the site.”
In 2009, planning permission was granted for 308 apartments in four complexes and a bespoke restaurant building - but the application was never implemented. Closing date for tenders is noon on August 24 and prospective developers are being urged to contact Doncaster Council.
Residents on Lakeside Boulevard had mixed views on the plans.
Jade Watt, aged 29, said: "Our view of the lake is pretty obscured. We've just got trees. I think it will nice to have somewhere else in terms of restaurants."
Ruth Wilson, aged 55, said she had signed a petition against developing in that area several years ago.
She said: "I think it will spoil the balance of the area and spoil the view. It will not be as exclusive. I don't think there will be many around here that are happy about this."
Jenna Peet, aged 28, added: "It is nice the way it is. There is no reason to build there. There are do many restaurants already near here, and they are still building homes around the corner from here. I think they should leave it. A lot of people come here at the weekends because it's a nice area. It's peaceful, and I think this would spoil it. It will take away our view."