Cross Key Homes bought the project from Peterborough Investment Partnership earlier this year and kept preselected builder Willmott Dixon kept on board to complete enabling works.
Now it has signed a main works development contract that will see Willmott Dixon lead on building the landmark Northminister housing block in the city.
David McCallion, director at Willmott Dixon, said: “We’re pleased to have now signed contracts with Cross Keys Homes for this fantastic ten-storey flagship development.
“This is a hugely significant regeneration project, and we will be using innovative construction methods to build better, greener and smarter.
“Offsite elements will include a lightgauge steel frame, brick slips and the use of bathroom pods, which will help to ensure quality, programme certainty and come with environmental benefits.”
Due to be finished in October 2024, the Northminster development, which is in part, being funded by a £12.5m grant from Cambridgeshire and Peterborough Combined Authority, will provide much-needed high-quality affordable housing in the city centre.
The project team consists of architects Corstorphine & Wright, structural engineers SBK, and mechanical and electrical engineers Briggs & Forrester.
Willmott Dixon will be prioritising locally sourced labour, providing training opportunities and investing in local businesses throughout the build period.