Early completion achieved at £85m Salford development
The McGoff Group has completed Downtown, its £85m 374 Manhattan-inspired apartment development on the banks of the River Irwell in Salford, 14 months ahead of schedule.
Located on Woden Street, the development was designed by Leach Rhodes Walker Architects and built by McGoff Construction, part of the McGoff Group. Partners during the build programme included Heyrod Construction and HE Simm.
Right from the start, Downtown has been a huge success for the McGoff Group, with all properties sold off-plan.
The range of one-, two- and three-bedroom apartments, combined with its convenient location on the Salford and Manchester border, resulted in high demand for the properties from overseas investors, with the sales secured in Hong Kong, Singapore and Dubai through Alliance Property.
UK investors, as well as owner-occupiers keen to reside at one of the city centre’s most desirable residential address, also snapped up the apartments.
Phase I of Downtown, comprising 164 apartments, completed in April 2019.
Completions for Phase II are now under way for the remaining 210 apartments, with Manchester law firms Fieldfisher and Beyond Corporate both involved in the transactions.
Paul Danks, group sales director at McGoff Group, said: “Downtown has been an incredible success story for the group, both in terms of sales and the faster-than-anticipated build programme, which meant the development was completed approximately 14 months ahead of schedule.
“Following the completion of Phase II, we are very much looking forward to our continued involvement in the residential asset management of this exciting building, ensuring our residents truly enjoy their stay at Downtown.”
Due to the success of Downtown sales, the McGoff Group established Downtown Asset Management (DAM) to oversee building management, lettings and property management, plus other services such as bespoke furniture packs.
MGoff says Downtown is an iconic building in Manchester’s skyline featuring six statement blocks, interlinked, with each boasting a stunning exterior that has been cloaked with a glistening façade of gold-coloured panels.
The apartments have floor-to-ceiling windows offering outstanding views and a contemporary open-plan layout, with some benefiting from private terraces. They also benefit from ultrafast full fibre broadband from the 4th Utility.
The development offers high-end hotel-style services including a lobby with 24-hour concierge, gymnasium, thermal suite, media room, postal room, private dining and business centre.
It also provides undercroft parking, landscaped grounds, residents’ roof garden and terraces.
With more people working from home than ever, as well as spending more time at home during these unprecedented times, such facilities are very much in demand by discerning residents.