It is RG Group’s fourth major project with Olympian following earlier awards in Manchester, Leeds and Nottingham.
The 325,000 sq ft Pottery Lane scheme will be delivered in two phases. The first 11-storey block, with 292 private units, will be completed in the first quarter of 2026, with an additional six-storey, 227-home building due to be built in 2027.
The buildings will house one and two-bed rental apartments, with around 10,000 sq ft of space for a gym, co-working facilities, two roof terraces and cinema room.
Ground investigations, archaeology and work on the sub-structure are already underway and the deal means work can now start on the building project, three years after planning was first granted.
Olympian advanced the scheme after signing a funding deal with American investor Hines this week.