Sir Peter Soulsby explains how the square, if given the go-ahead, will connect the different parts of the city.
People in Leicester are being asked for their thoughts on the design proposals.
More top news
The Conservatives have lost two seats.
The Conservatives and Liberal Democrats each gained a seat from the Independents.
Here is the breakdown of the Birmingham results - one of the biggest councils in Europe. Labour have retained power and gained two seats.