The contractor’s development arm Sir Robert McAlpine Capital Ventures has secured funding from Legal & General to allow work to start on site.
The 37-month construction programme will deliver 395 apartments alongside a new entrance to the Jewellery Quarter train station, 116 car parking spaces and 28,000 sq ft of flexible commercial space for retail, leisure and offices.
Mark Bessey, Regional Manager at Sir Robert McAlpine, said: “In an iconic location, and with excellent train and tram connectivity, Hockley Mills is one of Birmingham’s most attractive new residential and commercial schemes.
“Significantly, our project design reflects the site’s rich industrial heritage. We’re proud to have secured the contract to develop this superb site and look forward to adding it to our successful track record of creating landmark city buildings built for contemporary life.”