Edgbaston will recieve £300 million for a regeneration project, Plans lodged with city council to start developing the first phase of New Garden Square in Edgbaston.
Property group and landowner Calthorpe Estates is leading the New Garden Square project, in Hagley Road, which will include up to 400 apartments, office space and public realm.
There will also be units for bars, restaurants and convenience stores along with the prospective for a 100 bed-hotel and 900 car parking spaces.
Paul Patenall, projects director at U+I, said: “Today is a significant step in making New Garden Square a reality.
“Our plans are for a commercial-led, mixed-use development, which will provide approximately 500,000 sq ft of grade A office space.
“This will extend the city core and create a new business destination which will attract significant investment and generate jobs.
“Its impact will be significant for the city’s business development plan and for Edgbaston and its community for generations to come.”
Ralph Minott, director of development at Calthorpe Estates, also added: “We are well advanced with the bidding process for the residential element and conversations are progressing with potential funding partners for the office element of this sizeable, ambitious scheme.
“It’s an exciting and truly transformational development that will see the regeneration of a first generation 1960s commercial offices site into a new, mixed-use scheme.”
The development site sweeps down towards Five Ways island and is bounded by Francis Road and Duchess Road.
Edgbaston House, a 1970s office block on the site, was demolished earlier this year and the project will be opposite a new stop on the extended Westside Midland Metro line.