The consortium, led by London & Amsterdam Properties, is understood to have beaten three other consortia led by Amec, Miller and Norseman for the £80m contract.
The scheme will transform the Ferensway district into a cultural, leisure, retail and residential quarter. The central feature will be a 0.5 ha boulevard covered by a floating domed canopy 280 m long and 30 m wide.
The city-centre scheme will also provide homes for the Hull Truck Theatre and Albemarle Music Centre, and a transport interchange.
The London & Amsterdam Properties/Foster and Partners consortium was appointed by joint site owners Yorkshire Forward (the region’s development agency), Kingston upon Hull City Council, Northern Foods and Kingston Communications.
DEGW chairman Frank Duffy advised the site-owning partners on the development brief, which is intend to be a model urban regeneration project, reflecting the recommendations of the urban taskforce.
The project is expected to start on site this year.