The developer wants to convert the East Manchester mill into 277 homes in a £58m project that has been in the pipeline for more than a decade.
Maryland Securities’ two-acre Bradford Road scheme is tipped for approval when Manchester City Council’s planning committee meets next week.
A planning application for the residential conversion was lodged in May. The scheme aims to “safeguard and breathe new life” into the former mill, Maryland said at the time.
Designed by Hodder + Partners, Brunswick Place is to feature 20,000 sq ft of commercial space on the ground floor of the refurbished mill, which will house 150 apartments.
Four and seven-storey new-build elements will comprise the remaining homes, including townhouses and a small amount of commercial space to animate the corner of Beswick Street.
Additionally, Maryland proposes the creation of a public path through the site connecting Bradford Road with the Ashton Canal towpath.
The site provides an opportunity to link together New Islington and the Etihad Campus, continuing the regeneration of the Eastlands district, the developer said.
Part of the mill is occupied by a number of companies on short term tenancies, including Brunswick Mill Rehearsal Studios. However, income generated is “not sufficient to secure the long-term, sustainable future for the entire site”, according to the developer.
Maryland is in talks with occupiers about the future of the building and relocation possibilities.
The project does not currently comprise any affordable housing provision but the viability of the scheme is to be retested to determine if a contribution towards affordable housing could be made.
As it stands, the gross development value of the project would be just shy of £58m against a build cost of £46.5m, which would give Maryland a profit of £10.5m.
On this basis, the scheme could not support an affordable housing contribution, according to a viability report by Cushman & Wakefield.
Deloitte Real Estate is the planning consultant for the scheme.
Whether Maryland will bring the scheme forward post planning remains to be seen. At Weir Mill, a similar site in Stockport, Maryland won planning consent for the redevelopment of the site but ultimately sold it to Capital & Centric.