Brighouse based estate agent Stercap Properties Ltd are behind the unmissable building on the junction of Leeds Road and Wakefield Road.
The new structure, which sits on waste land opposite the parade of shops in Hipperholme, is expected to be finished by mid-summer.
Colin Worsmald, owner of Stercap Properties Ltd, said he thought the development would boost the local economy and that it made good use of a site which had previously suffered from fly-tipping problems.
“There has been a lot of interest in the flats and we’re still in discussions with a range of retailers about the shops,” he said.
“The development is going really well and we’ve managed to get back on schedule after the bad weather,” he said.
Another Brighouse firm, KHL projects, have been awarded the contract for the building, which includes an eye-catching roof design.
The distinctive lightweight steel roof has been designed and manufactured by Elland based specialists U-Roof.
The structure is made up of u-shaped cold rolled steel beams that fit together ‘like meccano’.
Jeremy Horton of KLH said: “The complicated nature of the roof meant that conventional timber trusses and beams would have been uneconomical and taken much longer to construct and adjust on site.
“Also, the galvanised steel beams are impervious to water and has allowed us to build over the winter months on a site that is straddled by two main roads and a public car park,” he said.
U-Roof inventor and founder, engineer David Thurston, said: “As far as U-Roof are concerned this is a substantial project.
“Being installed in phases, it requires a greater degree of planning and co-ordination with the main contractor than a single house project,” he said.