Developer plans 1,000 homes and new community in Salford Quays
Royalton Group has acquired a major waterfront development site at Salford Quays for its first scheme in Manchester.
The group, from Guildford, Surrey, is renowned for building high-end, luxurious properties and it plans a new waterfront residential district on the 8.3-acre site, known as Pier 7.
Acquired in partnership with Frogmore from TH Real Estate for an undisclosed sum, the site has an existing outline planning consent for around 800 units, granted in May 2016.
A new masterplan for more than 1,000 homes, together with new bars and restaurants and landscaped squares, is now being developed by Simpson Hough Architects.
Royalton founder and chief executive Ken Parker said: “This is an exceptional opportunity to create a world class address and we are incredibly excited.
“To have more than eight acres of waterfront land in the fastest growing city outside of London is a unique opportunity and we will make this a wonderful place to live.
“Salford City Council has been receptive to the scale of our ambition and very supportive and we are working closely with officers to develop joint plans to create the type of destination not yet seen in Greater Manchester.
“We will be building homes for sale, at all levels of the market, that maximise this unique location with its incredible skyline and backdrop of water.”
He added: “It will be transformational, not just for Salford, but for the whole region.”
Revised plans are expected to be submitted by the end of 2018.
The site is currently used mainly for surface car parking and a group of low rise, half-vacant office buildings, known as the Media Centre, would be demolished.
The Holiday Inn Express is not included in the site purchase.
Salford City Mayor Paul Dennett said: “Development of a currently under-utilised and part-vacant site is an exciting opportunity to create a dynamic new area of Salford Quays, adjacent to the city’s vibrant digital, media and tech hub: MediaCityUK.
“Investment and development of this scale bring huge benefits, opportunities for employment and skills training, apprenticeships and the benefits to the local supply chain, whilst also helping to fund other social outcomes.
“Not to mention, we are anticipating significant contributions from the Royalton Group for community infrastructure and truly affordable housing.
“It also brings the opportunity to create a new neighbourhood – the next generation of high quality architectural design at The Quays – close to good transport connecting MediaCityUK with the city centre and Trafford Centre and we look forward to seeing the plans progress.”