A joint venture between build-to-rent developer Packaged Living and investment manager Fiera Real Estate has lodged plans for 350 apartments on Heyrod Street in the Piccadilly East area of Manchester after buying the plot for £6m this year.
Construction is expected to begin in 2021, subject to consent.
Under the plans, Packaged Living aims to develop a mix of studio, one-, two-, and three-bedroom apartments, as well as 10,000 sq ft of retail and amenity space, a public square and car park.
Fiera is a property investment management firm that creates and manages assets for investors. It directly manages more than £870m of assets across the UK.
A public consultation on the Heyrod Street proposals launched in May after the joint venture bought the site in January. The consultation featured ‘digital drop-in sessions’ replacing traditional face-to-face, due to the lockdown.
Turley is the planning consultant, CallisonRTKL is the architect and Re-form is the landscape architect.
Mark Woodrow, joint managing director of Packaged Living, said: “Due to the proximity of Piccadilly station this area is developing very quickly. The funding of the Leonardo Hotel and wider public realm consent has created real momentum in the neighbourhood and we are staying on programme to help boost the city centre economy coming out of lockdown.”
The Piccadilly East masterplan has already delivered Capital & Centric’s Crusader Mill apartment scheme on Chapeltown Street.
Piccadilly East is home to several more pipeline residential developments, including Olympian Homes’ The Fairfax – a 488-apartment complex that won planning approval in January – and Islington Wharf, plans for the final phase of which were submitted in April by developer Waterside Places.