Councillor Daren Hale, portfolio holder for economic investment and regeneration, said: “The Albion Square development is a key site in our long-term strategy for the city centre.
“The centre of the city is benefiting from huge amounts of investment and regeneration at the moment. The revitalised Fruit Market on Hull Marina and the thriving Old Town, including Trinity Market, are continuing examples of this.
“We are delighted that our vision for Hull is being realised – it’s a truly exciting time for the city.”
The 1.7 hectare Albion Square development site encompasses the former Edwin Davis Building, an old BHS and Co-op building, and the Albion Street car park.