Locals get first dibs on Capital&Centric’s Phoenix development
Manchester property group Capital&Centric is once again reserving its latest development for locals, rather than investors.
The firm previously hit the headlines for creating an owner-occupier community and banning investors when it launched its Crusader Mill development in 2017.
Now, its adjacent Phoenix scheme in the up-and-coming Piccadilly East neighbourhood is nearing completion and Phoenix residents will be the first to move in when the new-build development completes this Spring.
The developer is due to complete Crusader Mill in the Summer and recently started work on the nearby Leonardo Hotel on Adair Street.
There are also plans for further apartments, as well as independent cafes and bars.
New ‘first look’ images have been revealed of the completed show apartment.
Designed by award-winning Liverpool architects shedkm, the new images show how the raw industrial elements, including exposed concrete and pipework, sit alongside stylishly minimal interiors in the 10-storey building.
Phoenix is available with Help to Buy, meaning that buyers only need to find 80% of the apartment price.
Where people aren’t using Help to Buy, Capital&Centric is taking no deposits on exchange. Prices start at £195,000 and the apartments will be ready as soon as May 2020.
Tim Heatley, co-founder of Capital&Centric, said: “Piccadilly East is soon going to rival the Northern Quarter and Ancoats as the place to be.
“The area’s already become a hub for independents, like Track Brewery, Chapeltown Picture House and Cultureplex, and it’s a great time to invest in one of the city’s most hotly-anticipated neighbourhoods.
“But rather than investors being the ones to benefit from buying early, we’re giving that opportunity just to the people that want to live here.
“We’ve created something that’s bigger and brighter than the rest, with tons of room and liveable space, and the exposed concrete and pipework giving them bags of character.
“Not only are we banning investors but we’re also ditching deposits and if you fall in love with them you won’t have to wait as they’ll be ready in May.”
Sheona Southern, managing director of Marketing Manchester, Greater Manchester’s promotional agency, said: “It’s no secret that Manchester city centre has flourished in recent years and a big part of that has been investment in building new neighbourhoods where people want to live, work and socialise.
Phoenix bathroom
“Piccadilly East occupies an area of the city that has been unloved for years and, especially being on the doorstep of Piccadilly Station, it’s undoubtedly one to watch in terms of the next place to be.”
The one- and two-bed apartments on Chapeltown Street will be on average 35% larger than other properties in Manchester.
More than half will benefit from spacious balconies, with roof gardens a striking feature on the top floor.
Residents of Phoenix will be part of the community forming at neighbouring Crusader Mill with access to its lush, green courtyard, fire pits, barbeques and WiFi.
They will also share Crusader’s 24/7 concierge and be dog-friendly.
Named after Phoenix Works, that once produced machinery for the textile industry, the £25m development will be Capital&Centric’s first residential development to complete in the city.
The company recently completed the multimillion-pound development of the 166-bed Apart-Hotel, Ducie Street Warehouse.
