A joint venture between Capital&Centric and Kamani Property Group is delivering the 118-home project.
Manchester City Council has granted approval for the nine-storey scheme after plans were lodged in January.
Designed by Hawkins\Brown, the £37m residential development is to sit opposite the Mackie Mayor food hall in the city’s New Cross district.
The block would contain a mix of one-, two- and three-bedroom flats together with ground floor workspaces and a café-bar or deli.
There would also be communal and private roof terraces, intended to maximise outdoor space. The front exterior of the building would feature a 270-metre art canvas – one of the largest in the city – showcasing the work of local and international artists.
The 14,000 sq ft Swan Street plot houses a former MOT Garage currently occupied by restaurants Ramona and Firehouse.
Those restaurants would be required to relocate once work starts on site.
Avison Young is the planning consultant for the Swan Street scheme, while Cinns is the project manager. Booth-King is the structural engineer and RLB is the quantity surveyor.