The joint venture between Manchester City Council and Abu Dhabi United Group said it will start construction in the autumn on 199 build-to-rent apartments and townhouses at Blossom Street, Ancoats.
Planning consent was granted by Manchester City Council in May for the scheme, designed by Feilden Clegg Bradley Studios.
The site is bounded by Blossom Street, Bengal Street, Sherratt Street and George Leigh Street.
There will be 185 flats and 14 townhouses with front doors on George Leigh Street, as well as four commercial units at ground floor level.
This was the fifth scheme to come forward from the powerful public-private partnership. Abu Dhabi United Group owns Manchester City FC. The Manchester Life development vehicle plans to deliver an initial 900 units in the Ancoats and New Islington areas of east Manchester, near the football club’s Etihad Stadium, by 2027.
There are other Manchester Life projects ongoing at New Union Street, Murrays’ Mills, Jersey Street and Hood Street. The first apartments are due to be completed by the JV in the autumn of 2017.
The Blossom Street development is due to be completed by late 2018. The contractor has not been named yet.