The developer has been granted planning permission by Salford City Council for a 995-apartment scheme on a site between the River Irwell and Chapel Street.
The 4.2-acre site is next to the Lowry Hotel, Century Building and Trinity Bridge House. The development will see the demolition of existing office and warehouses buildings and the relocation of the Lowry car park, to make way for four buildings of between 12 and 22 storeys.
The scheme would include a mix of studio, one-, two- and three-bedroom apartments for private rent. There would be 15,800 sq ft of commercial units on the ground floor.
The site benefits from existing planning consent granted in 2007 for a similar scheme, designed by Hodder & Partners. The proposals were never progressed due to the economic downturn. The current scheme was designed by Axis Mason.
A spokesperson from Acroy, a subsidiary of Dandara, said: "We are pleased to have secured planning permission for new homes at the Chapel Wharf site. We hope to be starting on site shortly, and look forward to contributing to the ongoing Chapel Street corridor regeneration."
CBRE and PPS Group advise Dandara.