Property Alliance Group and joint venture partner Development Securities have submitted proposals for a 28-storey residential tower in Manchester city centre, to replace earlier plans for a 75,000 sq ft office block.
The Axis plot is off Albion Street next to Deansgate Locks, opposite Ask Development's First Street scheme.
Designed by 5plus Architects, the residential tower will provide 172 one-, two- and three- bedroom luxury apartments. The 28th floor will be divided into two penthouses.
JLL has been appointed residential agent, with a third of the building already held in reserve after pre-launch events.
Subject to planning the scheme is expected to complete by autumn 2016.
Work initially began on the proposed 18-storey office building in 2007 with completion scheduled for 2009 before activity stalled. Russells Construction was the contractor, while CBRE, P3 and WHR Property Consultants were joint agents.
David Russell, chairman of Property Alliance Group, said: "Great new buildings have never just happened. They are conceived, designed, developed and built by people of commitment and vision. Our team has created a statement building that will stand proud in the Manchester skyline."
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