Fresh images out of C&C’s Crusader
Capital & Centric has released new CGIs of its Crusader Mill development, ahead of the first tranche of apartments being put on sale this Saturday.
Last month the developer committed to giving local owner-occupiers the first opportunity to buy a flat in the scheme, due to the prevalence of international investors in the Manchester market currently. The open-invitation launch takes place on 15 July.
Capital & Centric has conducted its own research, in which it found that 94% of the 500 Manchester residents surveyed believed that locals should get first refusal to buy residential properties, with 83% agreeing that too many homes had been sold to investors who wouldn’t live in them.
The developer acquired the 200,000 sq ft cluster of mill and warehouse buildings on Fair Street, Chapeltown Street, Congou Street and Baird Street off-market in late 2015. In summer 2016 it secured planning permission for a scheme designed by Shedkm, that includes 201 apartments, with 126 apartments in the existing mill and a further 75 apartments in a new 10-storey building.
Some of the mill buildings are linked, forming a central courtyard, which will be landscaped as part of the scheme. Exterior Architecture is advising.
Crusader apartments will be priced from £165,000.
Click any image below to launch gallery
- Capital & Centric is only selling flats within Crusader Mill to owner-occupiers
Simply beautiful, love it! All credit to the developer for only selling to owner occupiers too.
By Jane Openshaw
simply simply loveleh
By jk
Wow crusader mill looks amazing, so beautiful. Gary Neville that’s how you do development, please take note!
By Claire Bunker
The article is slightly mis-leading, Jane Openshaw. They’re only holding 10% of the units for owner-occupiers – and this will be at the end of the process rather than at the start. No one is going to get a mortgage for something 2 years before it’s completed. The rest will still go to investors. It’s the way development financing works unfortunately.
By Raj
Hi Raj
I run this project at Capital&Centric, we’ve aimed 100% of the apartments at owner occupiers and we’re not selling to investors. We’ve stated this publicly elsewhere. Hope that clairifies things. Feel free to call in on Saturday to buy one – as long as you’re going to live there yourself 🙂
By John Moffat
Nice comments John and its expected for people to be sceptical of the initial launch but maybe your message on 100% going to owner occupiers shoud be as loud as you property sings at site 😉
Look forward to seeing you tomorrow and we can’t wait to start managing this beautiful scheme.
Michael
By urbanbubble
@John, I wish you good luck with this project, is it really possible to complete any scheme without investors? Could be a turning point if you can achieve it.
By Le Corbusier
Great to see a quality building Company cutting out the ‘fat cats’ who are just in it for making money, look after the youth of today, 10/10
By David Hurst