The flagship program is a part of a brand new strategic enterprise path by the developer to rework its current downtown belongings past retail.
Its Metropolis Quarters idea will see current purchasing facilities enlarged with lodging, work areas or lodges.
The developer, who owns and manages close by Bullring & Grand Central, plans to demolish current buildings to make room for 1,300 properties, together with a 35-story constructing and 1.four m 2 of labor house.
Development is anticipated to begin in 2022 and might be Hammerson's subsequent main growth after the flagship purchasing heart tasks at Croydon and Brent Cross are halted as a result of slowdown in retail.
The 7.5-acre Martineau Galleries web site can even supply a signature gateway to Birmingham from the proposed Curzon Avenue HS2 terminal.
The location plans, which at present embrace the Sq. Mall, the King’s Parade and the Dale Finish parking zone, have been designed by Glenn Howells Architects.
About 350 full-time building jobs might be created per 12 months throughout the demolition and building phases of the mission.
Robin Dobson, UK Director of Improvement and Venture Administration at Hammerson, mentioned: "Our plans for the Martineau galleries characterize a radical change in our technique, going past pure retail, as we proceed to supply dynamic and continuously evolving areas, in and round affluent cities. . "