Planners gave the go-ahead for a hybrid application consisting of detailed plans for a 48-storey tower, including a 9-storey podium, comprising 571 build to rent flats, and outline plans for two other towers rising to 44 and 56 storeys.
The CEG scheme on the southern boundary of Smallbrook Queensway will also provide some space for food and drinks outlets, a spa, a cinema, a gym and a nightclub.
Together the three towers are expected to cost around £350m to build, supporting 175 jobs over a 13-year phased construction programme.
Demolition contractor Wring Group is in the frame to demolish the famous curving brutalist Ringway Centre built by Laing in 1962.
Initial demolition works will flatten the first two-thirds of the Ringway Centre building clearing the way for the first phase of the scheme which will see SBQ3 plot built.
The plans also include three planned new public spaces at Hurst Plaza, Wrottesley Steps, connecting Wrottesley Street with Smallbrook Queensway, and Smithfield Steps.
Members of Birmingham’s planning committee voted by seven to six to approve the application.