Prosperity UX Manchester received planning permission to build 556 homes on the site of a Dutton Street car park in February 2019. But construction never started. Now the site’s future is once again uncertain.
Quantuma has been called in to act as administrators for Prosperity UX, which is part of the Prosperity Capital Partners Group. Quantuma is also acting as administrators for several of the group’s other companies, including Prosperity St James House Developments and Prosperity Cathedral View Developments. Prosperity Capital Partners is headed up by Gavin Barry, a former director for Hugo James Property.
Prosperity Capital owed creditors more than £5.9m as of its latest accounts, which cover 2019. Its total assets, however, were just £1,925.
In Manchester, Prosperity UX held an option to acquire the three-acre former Boddington site on a leasehold basis from its current owner, Deansgate Securities, which is part of Realty Estates. That site is adjacent to Manchester College’s £100m city centre campus project.
Prosperity UX’s proposal for the old Boddington’s site re-imagined the space as the home of two buildings between 11 and 26 storeys. There would be 580,000 sq ft of residential space, with 37,500 sq ft of commercial space. The scheme was designed by Assael Architecture, with Deloitte as planning consultants. URBAN was the landscape architect, with Wardell Armstrong on structural and civil engineering. Hilson Moran handled MEP, sustainability and fire engineers. Gleeds was project manager. Other groups involved in the scheme include Future City, Urban Bubble, Cushman & Wakefield and SK Transport.