Three new building blocks will replace some of the existing buildings within the development site at 127-131 Church Street within the heart of the town centre. The main two-part block will rise from four storeys to a part-19 storey building.
A third separate building on Shepherd Street will extend to 11 storeys.
If approved the 19,257 sq m scheme is expected to start on site during Autumn 2024.
Luke Averill, managing director of developer TAG, said: “We believe our project will contribute significantly to the long-term success of Preston, which is outlined in the transformational 15-year vision ‘Preston’s City Investment Plan (2020 – 2035)’.
“I would like to thank the professional team that have got us to this stage and also say that we are actively seeking joint venture partners for this exciting scheme.”
Consultants on the scheme include DAY Architectural, project manager Zerum PDM, Futureserve, MB Heritage, ERAP, Adept Consulting Engineers (Manchester), and Arcaero.