The site comprises the Grade B-listed Cathcart House and a late nineteen sixties office building conversion.
FM Group plans to convert the listed building into 80 apartments over five levels while the ground floor space will accommodate new leisure and commercial outlets.
The office extension building will be refurbished to make way for 45 apartments over six levels with underground car parking and a feature garden terrace
Jonathon Milne, director of FM Group, said: “These plans have been well received locally and we are excited about the potential for this development which will provide highly desirable, city living, in line with Glasgow City Council policy.
“FM Group has gained a reputation for refurbishing buildings into award-winning mixed use projects.
“Projects in Glasgow include, The Pinnacle on Bothwell Street, which has positively added to the immediate area and led to further development, 53 Morrison Street, which was the catalyst for the redevelopment of the Tradeston area, and the iconic Herald HQ building.”