The developer, backed by Ares Investment, bought the Place hotel near Piccadilly Station last June for around £30m. Work is underway to strip out the former warehouse, and new CGIs have emerged which show the interior designs.
The building, rebranded London Warehouse, was originally built in 1865 by the Manchester Sheffield & Lincolnshire Railway for use as a bonded warehouse. Manchester-based student accommodation specialist Opal Property redeveloped it in 2008.
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Following Opal’s collapse in 2013, the building was acquired by Goldman Sachs and Greystar Real Estate Partners as part of a £300m portfolio of Opal assets.
C&C was granted planning permission last October and is in the process of adding 59 more apartments to make a total of 166.
Architect Archer Humphryes is a specialist in restoration and redevelopment, and CGIs show how the conference space at the facility will be converted into a residents’ lounge, while new office space will be added, along with a restaurant at ground floor.
The transformation will upgrade the interiors into a high four-star aparthotel, operated by Go Native.
The redevelopment is one of several Capital & Centric mill conversions in Manchester. The developer is working in partnership with Henry Boot Developments to deliver the £200m Kampus project on Aytoun Street, also involving Ares. In 2015, C&C bought the 200,000 sq ft Crusader Works in Piccadilly and plans to convert the warehouse complex into flats. In Castlefield, the developer is working on the residential transformation of Talbot Mill.
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