Bridge Estates along with partner company Commercial Property Refurbishment are planning to bring 100 jobs to the Roundhay Road area, after purchasing the former Thomas Danby College site.
Bridge Estates purchased the site in June last year and has since commenced with the demolition of the college, with funding support from Lloyds Bank Commercial Banking.
It is anticipated that construction work on the five acre site will start in the summer, and the five unit scheme should be completed before the end of the year.
The Thomas Danby College site, which has been derelict since 2014, is the largest owned by Bridge Estates which specialises in commercial property development across Yorkshire.
Paul Crabtree, from Bridge Estates, commented: “The site we are developing will bring a number of employment opportunities to the local community and the site has already attracted a significant level of interest from a number of occupiers looking for high quality units in a well-established location.