Developer CTP and regeneration firm U+I are planning to build 250 homes on the Granary Wharf site, with around 9,000 sq ft offices, bars and restaurants.

Now that plans have been approved, work could start on the car park site later this year, with completion in 2018.

David Topham, chief executive of CTP said: “Granary Wharf is a vibrant hub in the heart of the city and our latest plans continue to build on its success. There is a growing demand for high-quality accommodation in Leeds.

“The South Bank is currently one of the most dynamic parts of Leeds, with the impending arrival of Burberry, the regeneration of Tower Works and the tremendous success of the ground-breaking Round Foundry.

“The bar is very high and we will ensure that our new development meets the high standards set in South Bank and Holbeck Urban Village.”

The site is located next to Carillion’s Tower Works development at Granary Wharf on the south bank

Laurence Martin, director at U+I added: “Holbeck Urban Village has been identified by Leeds City Council as an area in need of major regeneration. Working in partnership with CTP, we are really pleased that plans for Granary Wharf have been approved to support the council’s aspirations of creating long-term economic growth and improvements for the area.”