Developer Northminster is set to lodge plans for a new £25m hotel, together with apartments, in York city centre later this month.
The hotel will comprise around 42,000 sq ft of the 50,000 sq ft development and has already been developed across two years of pre-planning discussions with City of York planners, the York city architect and Historic England.
Northminster Limited managing director George Burgess said: "Piccadilly is the Cinderella of main arterial routes into York city centre. It has a fantastic setting next to the River Foss, with huge potential, but badly needs bringing up to the standard which residents and visitors to the city have a right to expect which is long overdue.
"Our proposed scheme will replace unattractive, run-down buildings with an exciting new scheme which will contribute towards the local economy for tourism, business and ‘city living' homes."
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