The mixed-use development in the city centre was given the green light by Liverpool City Council earlier this month.
The project, to be located on Great Crosshall Street, is a mixture of new-build and the refurbishment of a three-storey Grade II-listed former school.
Steve Unwin, associate director with AFL, said: 'This development will assist in the transformation of Liverpool into a stylish living destination and will attract new residents into the city centre.
'The scheme is situated on two major routes into Liverpool, and it complements [council] plans for the area, in particular through the introduction of a modern architectural statement that creates a striking landmark.'
The new-build element is 'L' shaped, made of contemporary stone, timber and glass, with the overall development to include 41 apartments.