Demolition has already been completed by Squibb Group and construction is expected to commence this month with completion scheduled for early 2021.

The development on a two-acre site on Toft Green will comprise of 127 apartments, 34,500 sq ft of offices, 5,000 sq ft of commercial space plus car parking.

The new office building will be the first of its size to be built speculatively in York City Centre for more than 20 years.

Neil Sinclair, Chief Executive of Palace Capital, said: “We are delighted that we will be working with Caddick Construction to construct this exciting development situated only one minute’s walk away from York Railway Station and within the historic walls of York City.”

Hudson Quarter will consist of a mix of flats and office space

Andrew Murray, Managing Director of Caddick Construction,  said:  “The Caddick team is looking forward to the next two years where we will see new life being breathed into Hudson Quarter.”