The college, which partnered with universities so learners could gain credentials and funding at sites including the one on Carlton Road in St Ann’s, shut its doors after allegations it failed to check students’ English language skills and whether they were attending lectures.

An independent education supplier won an appeal against the education secretary’s attempt to stop students getting loans.

But the large premises in St Ann’s have been empty since August last year, with Oxford Business College branding removed from the building.

Now developers want to turn the site into something called AI Knowledge Park.

Signs and artwork show a space described as a perfect balance of style and functionality with developments designed to meet every person’s needs and modern amenities.

Those behind the alternative proposal said the mixed-use scheme would help tackle loneliness and provide a safe space for locals.

OBC was contacted for this article but did not respond before publication.

The site recently filed paperwork with Nottingham City Council for a new café that is currently under construction. But no major rebuilding plans have been submitted.

OBC’s management previously stated the college would need to sell premises or find new partners to deal with the fallout of the Department for Education’s legal challenge.

The appeal overturns the ruling that had prevented new students from enrolling, though this initial decision prompted several universities including Buckinghamshire New University to cut ties with the provider. The education secretary raised serious concerns about the organization’s conduct.

The independent provider, which ran centres in Oxford, London, Brentford and Slough, took two cases to court to try to protect its finances.

OBC is now suing the Department for Education for millions after the de-designation. The college said the ruling destroyed its finances and forced nearly all its 5,000 students to leave.

The college is also taking action against another partner university, the University of West London, for allegedly around £7 million for courses it said had been delivered.