Designed by Fielden Clegg Bradley Architects, the building will front Whitehall Road in the heart of Leeds' West End, for 15,000m2 of Grade A commercial office space, and a further 750m2 for retail space.
Contractors have yet to be appointed, but consultants Arup are designers.
Chief executive officer of MEPC, Rick de Blaby said, "We hope to obtain planning permission for the first building by October/November this year and then be on site in the early to mid part of 2009."Although several developments in Leeds have been put on hold due to the current economic turndown, we have no plans to delay or scale down the development."Although we are not immune to the effects of the 'credit crunch' we still believe that Leeds is the most robust business centre in England outside of London and that there is still a good demand for grade A office space within the 5 star business district in Leeds' West End.
"Our vision is still for Wellington Place to grow into the most significant urban regeneration project in the region and this first building will set the tone for Wellington Place and its future phases. Providing such a large area of quality public realm so early on in the development will help with the "place making" that we see as being essential to the success of Wellington Place."