The Sheffield Gardens development, designed by architect Leach Rhodes Walker, will deliver 158 flats and a large, private gym, external landscaped courtyard, and roof-top gardens.
Works will begin in the last months of 2024 with the demolition of the current dilapidated and unused commercial buildings on site.
Chief executive Stephen Beech said.“This is a significant development for Beech Holdings, our very first in Yorkshire and second outside of our home city of Manchester.
“It demonstrates our commitment to deliver exceptional apartments across the UK’s regional cities as we grow to be a national developer.
“Our company has a 20-year history of delivering exceptional apartment developments and I’m thrilled to be able to offer local people in Sheffield that same standard.
“We’ll be creating over 100 immediate jobs for the construction phase.
Beech added: “We are actively looking at other sites in Sheffield, we feel we can offer the standard of accommodation that local people desire. We’ll be getting to work quickly in the final quarter of this year.”