Prestbury Estates has bought a site at Slate Wharf from Waterside Developments four years after plans for 24 homes were approved on what is known locally as plot G.
A website set up by Prestbury Estates confirms that the developer, headed up by Simon Kimble, bought the site earlier this year and intends to deliver the consented project.
GA Architects designed the scheme, which will sit on a small site next to the Wharf pub close to Castlefield Basin.
“Prestbury Estates…will soon begin work to build the scheme that was approved. We are not making any amendments to the development,” the company said.
Manchester City Council’s planning committee gave Waterside the go-ahead for the Castlefield project in March 2017 but a final decision notice was only granted in January this year.
The development includes a mix of one-, two- and three-bedroom apartments.
The plans have proved controversial among some residents who want to plot to be preserved as public green space.
“We’re committed to engaging with our neighbours and the wider Castlefield community at every step of the way,” Prestbury Estates said.
Site investigation work is due to begin next week, according to the developer.