The development, which will be known as Live Oasis: Strato, will provide 210 studio apartments and is expected to complete in September 2023.
Cathal Montague, regional director for Farrans Construction, said: “This is an exciting project for Farrans, in one of the most ambitious and energetic cities in the UK at the moment, and it further cements our portfolio in the midlands and north of England.
“We are about to complete a similar multi-storey project in Coventry called Elliott’s Yard, and our client was able to see that we are experienced in delivering technically challenging projects of this nature, in a central location, with a small site footprint and using Modern Methods of Construction.”
Omar Al-Najafi from Infinity Construction Enterprises, said: “We have been operating in Leeds for many years and we know that this part of the city has been evolving from a typically office- based environment to one of high residential demand, particularly from the growing student population.
The development will push the boundaries in terms of the experience students can expect in Leeds.”