Developer Forshaw has submitted an application for a 25-storey residential tower on Great Ancoats Street, as part of the Portugal Street East regeneration.
The Simpson Haugh-designed project would deliver 177 one-, two- and three-bedroom apartments.
The ground floor would provide 1,700 sq ft of retail, a 1,300 sq ft gym and a residents lounge and co-working space totalling 1,300 sq ft.
The site, bounded by Great Ancoats Street, Longacre Street and Epworth Street, is currently occupied by the single-storey Victoria House, home to the Safe Deposit Centre, and will be demolished as part of the development.
It is understood the Safe Deposit Centre is looking at relocation options.
Turley is the planning consultant, ReForm is the landscape architect and Curtins is advising on transport matters.
The plans are the latest to be brought forward in the ongoing regeneration of Portugal Street East district, which also includes Capital & Centric’s Crusader and Phoenix residential projects; Far East Consortium’s Addington Street and the two-tower development being brought forward by a joint venture between Aecom and Olympian Homes.