The first phase of the long-awaited Beorma Quarter project in Digbeth will be handed over next month as the developer makes final deliberations over how the second element will look.
The scaffolding has been taken down (see gallery) from the new 108-bedroom Adagio apart-hotel and the former Digbeth Cold Storage building which is being converted into offices and an innovation centre.
Meanwhile, Salhia, the Kuwait-based company behind the scheme, told the Post it was assessing its options ahead of submitting new plans for phase two - once mooted to be a domineering 27-storey tower.
Deputy chief executive Abdulaziz AlNafisi said: "Practical completion of phase one is scheduled for June 29, providing everything goes well, and we can then hand over the keys to the hotel for fit out.
"We have been talking to a few people about the office part of phase one and they have come to take a look around.
"We think the complex will appeal to high tech companies and architects rather than traditional professional services and corporate occupiers."
Dating back to 2008, the Beorma Quarter in Allison Street is valued at between £150 - £200 million but has suffered a troubled journey to reach this stage.
It was first mooted in 2008 but the challenging market conditions and the complex nature of the site mean it has been beset by delays with work was due to start in 2009, then in 2010 and again in 2012 following a land grab dispute the previous year.
The project in Allison Street , being led by BAM Construct which recently completed the revamp of the Barclaycard Arena, is named after the man who founded Birmingham in the seventh century.
The second phase of the Beorma Quarter was going to be a landmark 27-storey block which would have been visible right across the city centre and would have dominated the Digbeth skyline.
Mr AlNafisi said detailed plans for this second phase were due to submitted to Birmingham City Council later this year once Salhia had decided upon the best design for the site but gave no indication of its final size.
"We are aiming to start work sooner rather than later and have been drawing up a new planning application for phase two as, since the last application was approved, there have been some design changes," he said.
"That's part of the exercise we're doing now. The building will be a minimum of half office and half residential or it could be solely office. We are also looking at alternative options for the top floors which could be residential."
Asked about possible future investment into Birmingham, Mr AlNafisi added: "We have thoroughly enjoyed our relationship with the city council, they've been very helpful and it's been a good experience.
"We might invest again in Birmingham, we are just not sure yet. We would like to finish this project first and then we will see."