Ballymore brings stalled skyscraper site to market
Ballymore has appointed CBRE to sell a development plot with planning for a 60-storey residential tower in Piccadilly Manchester with an estimated price tag of £25m.
The three-acre site on Store Street next to Piccadilly Station has planning consent in place for 650 apartments in three buildings; one of six storeys, another of 16 and the 60-storey skyscraper.
Piccadilly Central was previously known as Eastgate Tower before proposals stalled in 2008. There is also consent for a 220-bed hotel, a multi-storey car park and associated retail and leisure uses along with public open space. The architects were Calderpeel and Woods Bagott.
Steven Verity, senior director of land and development at CBRE Manchester, said: “Piccadilly Central is without doubt one of the most prime, high-profile sites on the market within the region. Even without taking into account the HS2 hub which will be on the doorstep, the site is already one of the most strategic in the city as it is adjacent to one of the North’s busiest transport interchanges, Piccadilly Station. We anticipate high levels of interest in this unprecedented opportunity.”
Irish developer Ballymore acquired a 95% stake in the proposed scheme from Manchester property player Inacity, run by Wayne Mellor, in 2007. Inacity still owns 5%.