Strata has agreed a deal with English Cities Fund (ECf) to deliver 116 new homes as part of the Merchant Gate masterplan in the centre of Wakefield.
The new residential development on a former car park is located close to Wakefield Westgate railway station, planning consent was secured in December 2015, and will comprise 100 two-bedroom townhouses and 16 affordable two-bedroom apartments.
James Scott, senior development surveyor for ECf, said: "Merchant Gate is a vibrant commercial quarter in the centre of Wakefield and this new development will be a positive addition to the new community established here as part of the first phases.
"Its central location, excellent transport links and nearby amenities makes it a perfect choice for young professionals and commuters."
Work is expected to start on site in May 2016, with the first homes ready to move in by May 2017.
ECf is working in partnership with Wakefield Metropolitan District Council and Network Rail to regenerate the significant city centre site immediately adjacent to Westgate Station and the Civic Quarter. So far Merchant Gate has delivered 90,000 sq ft of offices, retail and leisure space, 66 apartments and a £9 million investment in infrastructure and public realm.