The new organisation, called Greenland Street, hopes the three-month installation will become a tradition - with different architects being asked to work on the same site each year.
It has been compared to the Serpentine Pavilion, which appears in Hyde Park every summer.
The initiative's backer, the A Foundation, hopes that annual development will form a key backbone to the 2008 Capital of Culture celebrations.
The commission for the roof of 'The Blade Factory', a 709m 2space that is part of the new arts centre, will take place every September, with the structure on site for three months.
The arts centre, which opens in September, has seen two massive warehouses redeveloped for their new function by local up-and-coming practice Union North.
It will be a major new venue for the exhibition of large-scale modern art. The first installation, planned for September, will be by Goshka Macuga, working with If-Untitled Architects, and will be called The Furnace.
In autumn 2006, talks and discussions organised by Greenland Street will be housed within OSA's structure and look at the relationship between art and architecture. Speakers include artists and architects Nils Norman, Public Works, Nathan Coley and MUF.