Part of the Laurieston Transformational Regeneration Area, the development is a joint venture between New Gorbals Housing Association and Urban Union.
The development comprises four residential blocks arranged around a central courtyard on the derelict site of the former theatre on Eglinton Street, near the O2 Academy.
The four and six storey blocks will offer a mix of one, two and three-bedroom apartments.
Neil McKay, managing director, Urban Union, said: “Aligning with our own and Glasgow’s net zero targets, properties will feature a ground source heat pump system as opposed to gas boilers, as well as triple-glazing where required to support the decarbonisation of the buildings.
“We will also continue to embrace sustainable methods of construction as we rejuvenate the area and look forward to continuing our close working relationship with New Gorbals Housing Association.”
Forming a key frontage for the Laurieston TRA, the development will commence this summer.