The city's growing serviced apartment sector is set to get another entrant after new plans were lodged to bring a vacant Grade II-listed office building back into use.
Rustic Pine Developments is hoping to turn 7-8 Waterloo Street, in the into 32 one- and two-bedroom serviced apartments with a bar or restaurant on the ground floor and basement.
InterContinental Hotels Group first to open a 61-bedroom Hotel Indigo at the site, joining its existing outlet in The Cube, which was to be run by Rustic Pine Developments.
It is understood the hotel group is no longer connected to the redevelopment of 7-8 Waterloo Street but London-based Rustic Pine Developments remains on course to give new purpose to the seven-storey office block.
The building has been unoccupied for more than four years and planning permission was granted in 2010 for the change of use to a hotel but this has since lapsed.
The new venture would neighbour a Premier Inn hotel and benefit from and restaurants
The city's serviced apartment market, also known as apart-hotels, already counts sites at the Rotunda and Arcadian Centre while others and both in the and Court Collaboration in in Paradise Street.
The revised application for 7-8 Waterloo Street has been submitted to the city council by Devon-based architecture firm Burke Rickhards which also worked on the original plans to open a new Hotel Indigo.