The development is part of a wider scheme to help regenerate Scunthorpe town centre. Pulse will complete the St John’s housing project by the end of 2017.
The modules of the apartment building will all be built off site in a factory and craned into place on site.
Pulse specialises in modular buildings for housing, student accommodation and private rental sectors. It was founded by directors David Brown of MeryVale and Mike Stockdale of Kube.
David Brown said: “The development of modular construction is the way forward. It provides buildings of a superior quality, quickly and at a keen price. In addition, it gives us the flexibility to tailor the external look of modular buildings to fit into any environment. We are just finalizing the external design of St John’s with this in mind.”