The developer is working with 5plus Architects on proposals for a 15-storey scheme close to Property Alliance Group’s Oxygen Tower in Manchester, after a previous planning consent secured by Westward Estates Developments lapsed.
The project, which is in the early stages of planning, would feature a black and gold coloured façade and a mix of one-, two- and three-bedroom properties, although the number of apartments is yet to be confirmed.
The development would also boast basement amenity space, including a 2,000 sq ft pool, a sauna, jacuzzi and steam room.
In addition, the first floor would feature office space and a courtyard with views of the grade two-listed Store Street Aquaduct.
LW Group is owned by Faizal Atcha, who is leading the development having bought the site from a private vendor.
Speaking to Place North West, Atcha said the scheme would provide a “high-end, boutique-style experience” for residents.
Atcha has partnered with Jeremy Knight, former managing director of property investment firm Knight Knox International, and Graham Ata, director of Noble Design & Build, on the project.
Two previous applications for apartment blocks on the site were approved but not taken forward.
In 2006, developer Welbeck Land won approval for a nine-storey building comprising 16 apartments, but the project failed to progress due to the impact of the economic downturn after 2008.
More recently, Westward Estates Developments secured permission from Manchester City Council for a 13-storey development featuring 34 apartments in 2016. Planning consent for that BDP-designed scheme has since lapsed.
LW Group, a conglomerate of companies specialising in franchising, textiles, property development and asset management, expects to submit a planning application for the project in the summer.
Zerum is the planning consultant.