The former Homebase shop unit at Fife Central Retail Park is set to be split up into smaller units.
And there are also plans to improve car parking at the popular shopping destination the owners have revealed.
Work has also begun on creating the new Marks & Spencer food outlet.
Hammerson, the owner of the retail park, announced the plans this week, following the closure of Homebase in August.
It has been considering the options for how to improve the vacant retail space and make it more attractive to encourage new retailers to the town.
A Proposal of Application Notice (PAN) has now been submitted to Fife Council for the redevelopment of the vacant Homebase unit to be replaced with five smaller retail units, together with improvements to the frontages of some of the existing units and alterations to the car park layout.
Local people will be able to find out more about the proposals and comment on them at a public exhibition to be held on Friday, November 20 from 2-6pm, and Saturday November 21, from 11am to 4pm. The exhibition will take place at Unit 1, the former Homebase unit.
Colin Farrow of Hammerson says he wants to work with local people to find out how they think the retail park can improve.
He said: “As the owners of the retail park, Hammerson’s priority is to maintain Fife Central’s position as a vibrant, sustainable and high quality destination which provides the maximum number of jobs, as well as the opportunities and choice that the people of Kirkcaldy and the wider area expect.
“It is really important that local residents and councillors get the opportunity to help shape any proposals that come forward for the retail park. Before we finalise our plans and submit a planning application we are keen to listen to local people and their views at our public consultation events. I hope as many people as possible are able to come along to meet the team and to discuss the proposals.”