Plans have been revealed for a 37-storey residential tower in Whitworth Street West, opposite Development Securities' and Property Alliance Group's 27-storey Axis block in Manchester.
A planning application from property developer Brigantes is due to be submitted at the beginning of April. The building, designed by 5plus Architects, will include 330 apartments available for private rent, a bar, library, gym and rooftop garden.
The development site next to the City Road Inn is currently occupied by a warehouse, which would be demolished.
The Axis 172-apartment scheme, also designed by 5plus, was approved at the end of last year, and according to DevSec is already half sold.
Brigantes' proposals were unveiled at a public consultation event managed by Deloitte on Thursday 5 March.
The development is understood to be funded by overseas investors, with Brigantes planning to build, market and manage the scheme once complete.
In 2009 Dublin-based Ion Equity was granted permission to build a 280-bedroom hotel designed by HKR Architects. The plans were never progressed due to the recession.