The residential element will comprise 288 Build-to-Rent (BTR) apartments (at 31% affordable) in a new building designed for post COVID-19 urban living.
It will be the first UK BTR development to incorporate vertical sky gardens which provide all residents with access to multi-level outdoor spaces for relaxation, outside work, exercise and communal gardening.
The development will also include a green roof and a mix of indoor and outdoor public space at street level for pop-up markets, food stalls, events and performances.
MK Gateway will be set around a new public square and landscaped green spaces that will serve as a new meeting point in the heart of the city.
The 2.35-acre site will create over 2,000 new jobs, deliver nearly £300m in social value over the next 20 years, and provide opportunities for independent food, drink and retail outlets, including workshop space for local SMEs.