The London-headquartered student accommodation developer wants to build a 500-bedroom complex off Deansgate South between Renaker’s Castle Wharf and Deansgate Square.
Designed by Corstorphine + Wright Architects, the tower could also feature a gym, cinema and karaoke rooms and social study spaces and represents an investment of around £40m from Fusion Students.
The project is Fusion’s first in Manchester and the company also has sites in Cardiff and Hatfield.
The constricted site, allocated for development under the Great Jackson Street redevelopment framework, has been subject to a high degree of interest from developers over recent years.
In 2017, developer Beech Holdings won consent for a 17-storey block comprising 84 apartments that was designed by architect Hodder + Partners. However, work never started on site.
Beech bought the site from developer Knott Mill Securities in 2016 with extant consent for a 13-storey block with 53 apartments.
Fusion’s proposals follow Manchester City Council’s plans to encourage more purpose-built student accommodation to be built in the city centre.
Agency Cushman & Wakefield is the planning consultant for the project.
Warren Rosenberg, co-founder of Fusion Students, said: “As a global university destination with a student population that will only continue to grow, our multimillion-pound scheme offers something new for Manchester students.
“The Deansgate site has been vacant for a number of years and has been the subject of numerous planning consents that have fallen through due to viability.”
He added: “Our ambition for dedicated student residential development is fully funded and is the only way to solve what is currently an eyesore at a prominent location on the edge of the city centre.”
A consultation on the plans will run from today until 17 November and Fusion aims to submit a planning application by the end of the year.
The developer recently won consent for a 420-bedroom scheme on the site of the former Hondo Chinese supermarket in Liverpool, also designed by Corstorphine + Wright Architects.