The 4,050 sq m (44,000 sq ft) building will include a convenience store at ground level with six storeys of accommodation above.
The proposals, designed by West and Machell architects, will regenerate a gap site that has remained vacant for a number of years following the demolition of a warehouse. They replace previous plans for a 110 unit studio flat scheme on the site.
Simon Grundy, regional director at Indigo Planning and head of its Leeds office, said: “For too many years this site has lain dormant, making no real positive contribution to this part of the city centre. Redeveloping it to meet current demand for purpose-built student housing will transform the site, create a real investment opportunity and help sidestep the possible decline of this western gateway into the city centre.
“Location-wise, the office market has shifted away from this area of Leeds while demand for student housing continues to rise; the surrounding area would certainly benefit as a result of an attractive new mixed-use building such as this.”