The block is to include 200 one-, two- and three-bedroom apartments, as well as four office units totalling 3,000 sq ft on the ground floor.
The apartments at developer Heaton Group’s scheme, known as The Exchange, will have floor areas ranging from 400 sq ft to 800 sq ft, and the building will also feature a communal lounge, shared working space, gym, landscaped courtyard, roof garden and terrace.
The Exchange will sit on the site of the now-demolished job centre at Bhailok Court on Pole Street, and be stepped in height from seven to 16 storeys.
The plans incorporate amendments to a scheme approved in 2019, adding an additional 19 apartments, reducing the floor-to-ceiling heights and adding another storey without making the building any taller.
A spokesperson for The Heaton Group said: “Forming part of Preston’s Stoneygate Masterplan, the design of the building compliments others in the area with a modern design that features dark grey and bronze exterior to ensure The Exchange is contemporary, yet timeless.
“We’re proud to be investing further into the city and look forward to sharing more about our plans over the coming months.”
The Heaton Group have developed four other residential schemes in Preston, including Bishopsgate Gardens, a 130-apartment scheme in the city centre.