Plans from Players Property Company Limited for a six storey student accommodation building at Adam & Burton House, on Player Street in Nottingham, have been approved by the City Council.
The development would consist of 197 studio flats with communal facilities within the basement areas.
The application site was the subject of a fire in 2015 which destroyed the majority of the original five storey building.
At the time of the fire the original building had been converted to student accommodation and was almost at completion.
The building that burnt down existed from 1877 until 2015 and parts of the fire damaged structure remain.