Developer Skelwith Group is set to create 500 residential apartments in Bradford as part of a city centre regeneration project.
The Yorkshire-based group is attempting to turn the city centre into an affordable living area through its Aspire CityGate development.
The site has been chosen as an area in need of regeneration by Bradford Trident Trading, which is working alongside lead developer Skelwith on the project.
The apartments which will cost £50,000 are due to be completed by the end of 2013, with phase one of the project due to start in early 2011.
Paul Ellis, managing director of the Skelwith Group, said: “We believe that even in the current financial climate, comfortable well-designed apartments can be delivered in the heart of Bradford, most importantly we feel this can be delivered at the right price to be successful.
“Not only that, we feel the development adds to what is already a vibrant and exciting city and is paving the way for further developments in and around the centre of Bradford.”
This will be Skelwith’s second project in the city after it completed the Woolston Warehouse development, off Sunbridge Road, in 2009. In 2011, the group is set to create a luxury business hotel, which will be the second phase of the project.