The Gooch Estate, owner of more than 10 acres of land around Typhoo Wharf in Digbeth, aims to create new leisure and office space in old tea factory.
Work is set to start next year on the long-awaited revamp of the site close to the proposed HS2 Curzon Station.
At least 1,000,000 sq ft of development is anticipated, which will include Grade A office space, business incubator space, bars and restaurants, artist studios and homes.
A planning application will be prepared in the summer with the original 1930s building first converted and new buildings following on the remaining vacant land.
Jon Andrews, director at Stoford, said: “This is a very ambitious scheme that promises to set the tone for transformation of the Digbeth area of the city and we are delighted to have been selected to play a central role in delivering this important development programme.
“We will be working closely with Gooch Estate, Birmingham City Council and Curzon Regeneration Company, Greater Birmingham and Solihull LEP, Savills and other local stakeholders to ensure the vision for this ambitious scheme can be delivered with a collaborative approach.”
The development forms part of the council’s plans to create a Knowledge Hub, bringing together some of the city’s leading educational establishments to enhance what is already a growing quarter of the city and will benefit from the arrival of the new HS2 line at Curzon Street in 2026.