Morgan Sindall is delivering the mixed-use project across a four-and-half-acre area off Vaughan Way. Completion is scheduled by the end of 2019.
Features will include two new hotels - one six-storey and one 10-storey – 35,000 sq ft of office space and a new public realm area called Great Central Square. The scheme is being delivered for Leicester-headquartered property group, Charles Street Buildings (CSB).
Morgan Sindall's construction work is taking place alongside the regeneration of the former Leicester Central train station and creation of a new car park for the hotels and office, which CSB is undertaking itself.
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City Mayor Sir Peter Soulsby and CSB Chairman Hugh P Murphy joined members of the Morgan Sindall project team to mark the occasion with a traditional turf cutting ceremony.
Richard Frape, Operations Manager at Morgan Sindall, said: "We're very pleased to get construction underway with this project. The work itself will create valuable jobs through our commitment to using local subcontractors wherever possible. The finished development will revitalise this part of the city centre and facilitate Leicester's continued evolution as an international tourist destination."
Joseph Murphy, Director at CSB, said: "We have now spent several years working up this development and to deliver this transformative regeneration project, so it's particularly gratifying to finally break ground on the site.
"We're confident the finished development will be well-received by the people of Leicester and look forward to seeing construction work progress."
Mayor Soulsby added: "This is an exciting development for Leicester. It will help create an attractive new gateway linking the city centre to the Waterside area.
"It will play a vital part in realising our ambitious vision for this part of the city and marks the start of major regeneration beyond the ring road which has proven to be such a barrier in the past."
(LM/MH)
