DEVELOPERS have officially submitted plans for 234 apartments on the former Good Shepherd convent in Sunday's Well.
It comes on the back of a number of meetings with local community groups and residents' associations in the area.
The project will see the redevelopment of the historic convent buildings and the construction of several new structures on the site, with developers Moneda claiming it will be a much-needed boost to the city's housing supply.
However, concerns are growing locally in relation to the impact the plans could have on traffic in the area, as well as the distribution of social housing in the development.
Local councillor Kenneth Collins said he will be calling for environmental impact and traffic flow studies to take place before any work takes place.
"The area is already at capacity in terms of traffic. Residents have contacted me about their concerns regarding Thomas Davis Bridge and the volume of traffic there.
"44 of the apartments in this development won't have parking - where are they going to park their cars? This could cause chaos for residents in Sunday's Well or Buxton Hill, and at the Gaol too.
"And, bare in mind, there is no bus service in the area, so that is not an option."
North Gate Bridge, Shanakiel Road, Sunday's Well and Victoria Cross are just some of the areas which could be impacted by increased traffic, according to Mr Collins.
"I'm not happy, to be honest," he said.
Questions have also been asked about the distribution of social housing units throughout the development.
Mr Collins, "The plans propose that all the social housing is in one block. That's not right.
"In my opinion, this is exclusion, not inclusion, which is what we are supposed to working towards."
The Sinn Féin representative said there are more concerns in the community. He urged the developers to meet with residents on a one-to-one basis to discuss these fears.