Permission has been granted for a commercial scheme on the site of the former Lloyds TSB Bank in Mapperley, Nottingham.
Hillcrest Properties is planning to build a 4,000 sq. ft restaurant and bar, four apartments, four offices and a 1,000 sq. ft retail unit, valued at £2.25m.
The property company has confirmed work will begin over the coming weeks and ready for occupation before the end of the year.
Landa Associates have been appointed to find an operator for the new restaurant, as well as tenants for the office and retail space.
Sunny Landa FRICS, a director at Landa Associates who will be leading the marketing, said: “This scheme is yet to hit the market, but we are already being inundated with interest from major operators.
“Demand for these sorts of properties located in affluent areas is at an all-time high. This development will help satisfy that by bringing new high-quality space to this part of Nottingham. We are confident that the prestigious location coupled with the ambitious plans our client has for the development will stimulate economic growth and job creation.”