Developers of a pair of new towers set for Broad Street say the £40 million scheme will be under way later this year.

The Post reported last week that Regal Property Group was given planning consent for its Left Bank scheme near Brindleyplace.

The development will include the construction an 18-storey, 180-bed, Innside hotel along with a ground floor restaurant and cafe.

At the rear of the site, Regal will alsoconstruct a 22-storey residential tower to include 189 apartments and ground floor retail or restaurant unit.

Work is now set to be underway later this year after Glancy Nicholls Architects drew up plans.

Mark Holbeche, of Regal, who has led the project from its inception, said the scheme will also deliver comprehensive landscaping and public realm.

He said: “The Left Bank development will deliver in excess of £40 million of investment into the Broad Street and Brindleyplace quarter, and Glancy Nicholls Architects have done a fantastic job of designing a scheme that will provide a range of stylish homes with stunning views over the city, as well as a boutique four-star hotel.”

The site, at the junction of Broad Street, Sheepcote Street and Oozells Way, is currently used as a temporary car park.

Lyndon Glancy, of Glancy Nicholls Architects, said the two buildings have been designed to reflect the “contemporary architectural styles” of Brindleyplace but also to respect the setting of the Grade II-listed former Barclays Bank building at 78-79 Broad Street.

He said: “The scheme has been designed alongside city council planners and urban designers to ensure this gateway site provides a high quality response to this prominent gateway location. We believe we have designed two great buildings that will complement both Brindleyplace and Broad Street but also introduce new areas of high quality public realm.”