Developer has big plans for new Salford site
Manchester developer Progressive Living Developments is set to acquire a new development site on Gorton Street, in Salford.
Current plans are to create a new tower in excess of 35 floors to provide accommodation for both residential and leisure uses.
The property also includes eight railway arches that are set to be repurposed for complementary commercial and leisure operations.
Located on the Salford/Manchester border, to the north of the River Irwell and adjacent to the LaSalle build-to-rent scheme at Greengate, the 0.42 acre site is currently operated as a car park, both on the land and within the adjacent railway arches.
Heads of terms have been agreed with Network Rail, the land owner, and the deal is scheduled to complete imminently.
A planning application is expected to be submitted to Salford City Council before the end of the year and a public consultation event is being held on Wednesday, September 11, from 3pm-7pm at Manchester Cathedral Visitor Centre.
David Fairclough, director at Progressive Living Developments, said: “Greengate and the whole Chapel Street area of Salford has seen huge investment over the past few years which has completely transformed this part of the city.
“It boasts fantastic transport links being so close to Victoria Station and the tram system as well as being a stone’s throw from all that Manchester city centre has to offer.
“We are already working with our professional team to design an attractive, exciting and vibrant scheme which will offer residential and leisure opportunities to further regenerate Greengate. We look forward to sharing these plans in due course.”
This deal comes on the back of PDL’s recent purchase of Victoria House in Stockport, which has also been earmarked for redevelopment into residential units.
Gorton Street was marketed by JLL on behalf of Network Rail. Progressive Living Developments acted for themselves with Gately as legal advisors.