Birmingham City Council has given the go ahead for construction of the 200m high Regal Tower in the heart of the city.
The mixed-use scheme, to be situated on the corner of Broad Street and Sheepcote Street, is expected to become the highest building outside London.
Midlands-based developer Regal Property Group is behind the £125 million, 56-storey tower, which will include a 289-bed luxury/business hotel, 256 serviced apartments, three floors of penthouses and a parade of shops on the ground floor.
A Regal Property Group spokesman said: “The news of the granted planning permission is testament to the significance and importance of this prime gateway site, which is set to become a focal point for the area.”
The project is expected to start on site in 2011, with completion in 2014.