The submission for Lodge Lane will be followed shortly by an outline submission for the wider North Finchley masterplan.
The proposed development includes 98 apartments alongside 30,500 sq ft of commercial space, including a restaurant, cinema, and bowling alley.
A key feature of the redevelopment is a new public square, designed to serve as a central gathering space for leisure, events, and social interaction.
Steve Harrington, Planning Director, Regal said: “Lodge Lane is the first piece of the puzzle for the wider North Finchley town centre masterplan project.
“Working with Barnet, we have listened to and learnt from local groups and have submitted plans that we believe will bring new life to the town centre, offering economic benefits through job creation and new commercial opportunities, reinforcing North Finchley’s position as a dynamic and desirable place to live, work, and visit.”