The developer is plotting an apartment scheme on a 20,000 sq ft site in Piccadilly East, bordering its Crusader residential mill on Chapeltown Street.
The site was bought by Transport for Greater Manchester to build a Metrolink line, however the site wasn’t required and has been vacant for a number of years.
As well as apartments, the development is set to include amenity space, such as a café-bar and a co-working, as well as a pocket park.
The scheme is Capital & Centric’s fourth at Piccadilly East, alongside Crusader Mill, Phoenix and the Leonardo Hotel, which will complete next year.
Consultation will begin in the coming months with an application expected in the summer.
Adam Higgins, co-founder of Capital & Centric, said: “With this new site we’re bringing more homes butalso the public space that’s so important to making a proper community. We’ve lined up architect Shedkm, who designed Crusader and Phoenix, so expect more of that understated industrial chic.
“We’ve always believed that Piccadilly East is going to be the next big thing in Manchester and that’s why we keep on investing here. The wider regeneration plans for Piccadilly East will also see lots of public and green space with vibrant ground floor activity, so it’s going to be pretty special.”
Last week Capital & Centric announced a joint venture with Kamani property which will see the construction of an apartment complex or hotel in Manchester’s Northern Quarter.