Enabling works are now expected to get underway in the New Year on the final major phase of the £200m Beorma Quarter development next to Selfridges.
Middle Eastern property group Salhia Investments is building the 30-storey landmark tower to offer 150,000 sq ft of offices and 125 apartments.
The scheme, designed by architect Broadway Malyan, also includes an accompanying 13-storey residential building for 69 flats and a seven-storey office block, to site around a new public square called Orwell Place.
BAM Construction completed the first phase of the scheme – which included the refurbishment of the former Bullring Markets Coldstore building into an office complex and innovation centre – earlier this year.
Broadway Malyan’s Birmingham-based Director, Neil Rose, said the latest phases reflected Salhia’s confidence in the city’s long term prospects and the improving economic conditions.
He said: “The first phase of Beorma Quarter is now complete and Salhia believe that the market conditions are right to move on to the next phase of the scheme which is set to transform this important and historic part of the city.
“The primary facades of the tower will be faced in sandstone to reflect the underlying geology of the area and to ensure the development remains in keeping with its surroundings where it will act as a bookend for the Selfridges building along with St Martin’s Church.
“This scheme will be on the doorstep of the proposed HS2 station and we believe it will not only provide a suitable backdrop for such an important gateway to the city but will be a popular location for occupiers and residents who want easy access to this international rail hub.”