It will house 346 apartments built to rent, with up to eight per floor enjoying their own uninterrupted panoramic views of the city.
Octagon follows the completion of the first phase of this mixed-use development, which includes the first two buildings, One Chamberlain Square and Two Chamberlain, as well as a new public domain across the estate.
Paradise’s next commercial building, One Centenary Way, a 13-story, 280,000-square-foot office building, is currently under construction, and another commercial building, Three Chamberlain Square, is currently undergoing a design competition.
Rob Groves, Regional Director for Silver, said: “Our ambition with Octagon remains simple: to build one of the most beautiful apartment projects ever, not only in Birmingham or the region, but in the UK.
“This ambition guides the design and execution of the building and is reflected in everything in it: the height, the size of the apartments themselves and their design, the views and the location in the city center.