The plans involve redeveloping the grounds of the former Caerlee Mill into 44 new build houses and flats.
Housing developer Whiteburn will construct a range of two, three and four bedroom houses and cottage flats on the site.
The design will reflect the spirit of the former mill site as well as the heritage of the village structure.
Roger Bainbridge, responsible for Design and Delivery, said: "With our Caerlee Mill project we hope to show that new-build housing can be designed and delivered with consideration for the heritage and context of the site. Our homes have been designed with an emphasis on natural daylight and flexible living space to provide comfortable, contemporary homes. We believe that Caerlee Mill offers an opportunity to live in an incredible location in the heart of Innerleithen.
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"It is our aim to offer desirable homes where people want to live, in a place where they will be proud to contribute to its future."
Whiteburn's Project Director Eve McCurrich added: "Our key objective is to bring this historic site in the heart of the village of Innerleithen back to life and create a great place for people to live. We have already had a lot of local interest and support. We are now moving forward with our tendering processes. I would be keen to hear from any local suppliers and subcontractors who would like the opportunity to work at Caerlee Mill, we would like to establish a local supply chain and see as much of our construction spend as possible retained in Borders economy.
"We would ask anyone interested in buying a home at Caerlee Mill to register interest on our web site and we will be in contact when we launch our sales later this year."
(CM)
