Carillion will develop an £80m mixed-use scheme in Leeds after the Homes & Communities Agency selected the contractor as preferred bidder.
The proposals for Tower Works include more than 90,000 sq ft of commercial space, 20,000 sq ft of retail space and 147 residential units.
Carillion are due to start work in January 2016.
The site is in Holbeck Urban Village, a major part of the South Bank regeneration area in Leeds.
Carillion Developments development director Gareth Jackson said: “This is an excellent development site in Leeds City Centre which forms a key part of the Leeds City skyline.
“Our masterplan proposals respectfully emulate the urban grain of Holbeck Urban Village while delivering a unique place-making proposition of spacious canal-side residential accommodation and commercial office spaces, supported by complementary café bars and restaurants in an exciting part of Leeds city centre.”
HCA esecutive director Naz Parkar: “Today’s announcement marks the start of our partnership with Carillion, who will turn this empty space into a vibrant destination, with 147 homes, shops, restaurants and places to work.
“[It will create] an important link between Holbeck and Leeds city centre offering a place for local people to live, work and socialise in a spectacular canal-side location five minutes from the city centre that will help to kick-start the next phase of the regeneration of Holbeck Urban Village.”
Mr Jackson added: “We look forward to working in partnership with the HCA and Leeds City Council to deliver these proposals.”
Formerly an industrial site, Tower Works is so called due to the three Grade II-listed Italianate towers.
Leeds City Council executive member for transport and the economy Richard Lewis said: “As a council we are keen that developments here have high-quality designs and that they include housing for families – a first for this area.
“I particularly welcome the quality of the proposed residential elements of the Carillion scheme and the plans for housing suitable for families.”