Plans for a 27-storey residential tower in Manchester city centre have been signed-off by the council.
Property Alliance Group and joint venture partner Development Securities submitted proposals for the scheme in August, to replace earlier plans for a 75,000 sq ft office block.
The Axis plot is off Albion Street next to Deansgate Locks, opposite Ask Development's First Street scheme.
Designed by 5plus Architects, the residential tower will provide 172 one-, two- and three- bedroom luxury apartments. The 28th floor will be divided into two penthouses. According to the developers, half of the apartments have been reserved for pre-sale.
JLL is the residential agent. The scheme is expected to start on site in 2015 and complete by winter 2016.
Deloitte Real Estate director John Cooper advised the joint venture on planning for the tower.
Work initially began on the proposed 18-storey office building in 2007 with completion scheduled for 2009 before activity stalled.