Developers have said they hope to complete a landmark building by the autumn after a six-year pause in construction.
The Sky Building, in Newcastle-under-Lyme, will be re-named Deakin’s Yard, in memory of prominent local politician Fanny Deakin who campaigned against poverty.
The building’s previous owners went into administration but the project has now been taken over by a firm which specialises in turning around failed developments.
Integritas Property Group (IPG), the developer managing the scheme, said it would meet an ever-increasing demand for student accommodation in the area.
Plans to open it as student accommodation could become a reality, following £11m funding from real estate investors.
IPG head Mitchell Walsh said it was committed to seeing the project through.
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