The major regeneration scheme around Coventry railway station will provide over 3 million sq ft of Grade A office buildings, two hotels and new homes.
The first major building – new headquarters for Coventry City Council – is well underway while the new Station Square boulevard opened last month
Stephen Reynolds, of developers Friargate Coventry LLP, said: “We have been really impressed with the energy and ambition of the bid and the way the city has really got behind the effort to make Coventry the UK City of Culture
“The bid clearly has the potential to change the perception of the city and to bring very positive benefits – something that Friargate will also do as it is developed.”
David Burbidge, chairman of the Coventry City of Culture Trust, said: “Friargate will leave a fantastic legacy for Coventry – and that is exactly what we want to do with City of Culture 2021.
“We do need the backing of business to implement some of the plans we have in the lead up to tabling our bid, so we are very grateful that Friargate has come on board.”
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