A joint venture between Edinburgh-based developer Buccleuch Property and contractor Cruden Group, backed by Dutch fund Bouwfonds, has won the hotly contested city centre residential opportunity at Little Peter Street from Manchester Place.
The JV, called Queensberry Properties, beat a dozen bidders to develop 500 units on land bounded by Medlock Street, Jordan Street and the River Medlock.
David Peck, managing director of Buccleuch Property, said: “We are hugely excited about the opportunity Little Peter Street represents and believe its location at the heart of this strategic masterplan makes it one of the most important sites in the city.
“Our vision is for a high quality residential led development that will create a neighbourhood where people will want to live, work and create a sense of community and play.”
The site is part of the wider development framework for First Street which includes the arts centre Home and the proposed scheme will deliver a split of apartments for sale and rent as well as ground floor mixed use and new public realm.
Manchester Place is a public partnership between Manchester City Council and the Homes & Communities Agency formed to accelerate the speed of housing delivery.