Plans have been announced for a new development eight to fourteen storey development of 134 apartments in Ancoats.
It will be Cheshire based developers Mulbury Homes’ first foray into the private rented sector and the company are currently in discussions with several institutional investors interested in purchasing and letting the properties upon completion.
The £30m development has been designed by Manchester-based Tim Groom Architects.
Greg Mulligan, a director of Mulbury Homes, said: “This is an exciting and inspiring scheme that will offer quality city living in the private rented sector. While this is our first PRS scheme, we’re already looking at a good number of city-centre development opportunities in Manchester to complement our portfolio of homes for private sale and our affordable housing developments across the North West.”
The 134 apartments will range from 400 sq ft studios through to 900 sq ft three-bedroom apartments. All apartment types meet the newly adopted London Design Guide Space Standards making them around 10 per cent larger than many of the apartments currently on offer in the marketplace.
The ground floor includes reception and lobby areas as well as 6,000 sq ft of commercial office space. The upper level apartments enjoy views of the city with balconies for all units and extensive communal roof top gardens facing South West.
Tim Groom, director of Tim Groom Architects, said: “Great Ancoats Street is such an important route into the heart of Manchester and is on the doorstep to the Northern Quarter and New Islington. We’ve worked hard on the design to help knit back together what has become a disjointed and, in places, run-down street scape. The design of the apartments and the buildings reflect the increasing demand in the city centre for larger homes as well as the more traditional studio spaces.”
Mulbury Homes and Tim Groom Architects have consulted with Manchester City Council, Heritage England, and Places Matter on the scheme, as well as holding a public consultation on the plans in May. Deloitte Real Estates is planning consultant on the scheme.
If planning permission is received, the development could start on site as early as January 2016 and be completed by summer 2017.