The developer bought the site next to the Angel pub in Manchester in January and is working with Jon Matthews Architects to draw up fresh designs for a 229-bed hotel.
Another developer, Realty Estates, won consent in 2017 for a 15-storey, 100-apartment complex designed by Hodder + Partners, but work never started on site.
Realty subsequently sold the plot to Premcor for an undisclosed sum.
The new owner’s revised proposals moot an 11-storey hotel with a ground floor restaurant.
Premcor has launched a public consultation for the updated scheme with a planning submission expected in July, according to the company’s director Simon Hawkins.
Hawkins said Premcor had instructed contractor GMI Construction to draw up a construction management plan for the site.
The planner for the latest iteration of the hotel scheme is WSP. Gardiner & Theobald is providing project management, employer’s agent and quantity surveying services.
consulting on archaeology and LK Group has carried out environmental assessment of the site, which is currently used as a car park.
Premcor is headed up by directors Rob Lane and Hawkins, who both previously worked at Manchester-based developer Urban & Civic.
The original designs had Deloitte as planning consultant.