A project worth more than £200m to create 770 apartments in Birmingham city centre, including a 27-storey tower, has been approved.
SevenCapital has been given the full go ahead for Connaught Square scheme in Digbeth.
Connaught Square will be constructed in two phases and once complete will also feature about 42,000 sq ft of commercial space, a community gymnasium and boxing academy.
It will also incorporate a new riverside walkway and terrace alongside the River Rea, which runs through the middle of the development and will be opened up as a feature to the public for the first time in a century.
Once completed, the project is expected to provide about 250 full-time jobs within the proposed retail, community and commercial space as well as about 100 supply chain and ancillary jobs as a result of the additional commercial floorspace.
Damien Siviter, director at SevenCapital, said: "Connaught Square is already one of the most significant and talked about regeneration projects to date in Birmingham, as it bridges the gap between the main city centre and the growing creative quarter.
"So throughout the entire design process it has been imperative that what we create and deliver is the right fit for the area, the city and importantly right for the community that will form as a result of Connaught Square.
"Digbeth has recently been listed as one of the coolest places to live by The Times, but through Connaught Square and the wider future regeneration works currently in planning or construction within the area, we want to make sure that it goes beyond cool, to become one of the best places in the UK.
"We’ve been working tirelessly over the past few years to design a scheme that will enhance the city and create a new destination where people will want to live, work and spend their leisure time, and what we have now, we believe will deliver that."
Work on site is expected to begin in summer 2019 with the first phase expected to complete in March 2022 with hopes for the whole site to be completed by August 2023.