The Engine, dubbed by Allied London chief executive Michael Ingall as a ‘super building’, will mirror the format of the Cotton Building in Manchester.
The Cartwright Pickard designed building will offer over 70,000 sq. ft. of super-specified, flexible space full of technology assets and will be created on the site of the former Alea casino.
Construction is expected to start in the New Year.
Michael Ingall, CEO of Allied London, said: “The creation of The Engine presents a unique opportunity for Leeds.
“Too many of the new, planned and vacant buildings in the city offer just a simple and traditional ‘one-size-fits-all’ office space.
“Our view is that the modern workplace has changed and will continue to evolve. The Engine addresses this fact and will provide the modern, customisable space that fast paced emerging and corporate businesses desire.
“We are being inundated with demand for this workspace building model in Manchester and London’s Farringdon, and our careful market research tells us there will be similar significant demand for this product in Leeds. We already have great interest, and I believe this offer will help the city strengthen its pitch to inward investors.”
As well as The Engine plans being approved, Leeds Council has also agreed in principle to support a range of new transport and related infrastructure, including a new shuttle bus to the railway station and city centre, better cross-city wayfinding and improved cycle routes and facilities.