Construction firm Carillion has signed a contract with Homes and Communities Agency for £80m regeneration of Tower Works in Holbeck Urban Village on Leeds' South Bank in the UK.
The 1.17ha site previously housed a pin factory and is now owned by the Homes and Communities Agency.
Plans for the site include a mixed-use development, including three Grade II-listed Italianate towers.
Under the terms of the contract, Carillion will be responsible for developing 90,000ft² of commercial office space, 24,000ft² of A1 and A3 retail, restaurant and bar space at the site.
The firm will also construct a number of residential units for the mixed-use development comprising a mix of one, two and three-bed apartments and townhouses.
Construction works for the redevelopment project is expected to start in early 2016, following approval for a site-wide masterplan.
Carillion development director Gareth Jackson said: "Our team has been working closely with Leeds City Council and its stakeholders to develop a scheme very much of its place, a high-quality and modern response to one of Leeds' best-loved historic sites."
Leeds City Council regeneration, transport and planning executive member Richard Lewis said: "Tower Works really is one of the most important of Leeds' landmarks, with its beautiful Italian towers representing both our rich industrial heritage and our commitment to drive the city forward in a sustainable and imaginative way.
"This proposed new development could enhance existing plans for Holbeck Urban Village and the wider South Bank area, and act as a catalyst for further regeneration."
Image: Artist impression of Leeds regeneration site at Tower Works. Photo: courtesy of Carillion.