The next 12 to 18 months will produce a surge of city centre residential development, Sir Howard Bernstein told a Forum for the Built Environment event last week.
The chief executive of Manchester City Council said the development pipeline suggested there would be "significant evidence" of new city living coming out of the ground in 2014 and 2015. Development was likely to be focused on sites on the eastern fringe including within the Co-operative's NOMA scheme, as well as plots along the Irwell Valley and the former ITV site.
Bernstein, speaking at the FBE breakfast event in front of a packed room of 220 guests in the Radisson Edwardian Hotel, said he was keen to see further evidence of large private rented sector deals, an important part of the market in the next decade.
He said: "Manchester has sites identified which are ripe for residential development in the city centre. We have seen a change of our demographic profile among residents in the past 10 years and that is likely to continue in the next 12 to 18 months."
Bernstein said that alongside private development the council was investing its own funds and working with the Greater Manchester Pension Fund and mortgage providers to help stimulate the market.
The FBE breakfast with Sir Howard Bernstein was sponsored by RSK and Hobs Reprographics. Images courtesy of CVT Broadcast.