McGoff tops out at Downtown
The Altrincham-based developer has completed the concrete frame of the first phase at Downtown, its 368-apartment scheme in Woden Street, Salford.
The project, which sits on the Salford side of the River Irwell, has been supported by a £39.9m funding package from development finance specialist Wellesley.
All apartments in the scheme have been sold, and a 208-apartment second phase will now follow the 160-home first phase.
Chris McGoff, director at McGoff Group, said: “The success of Downtown has been superb both in terms of sales and construction and it was fitting to invite the team from Wellesley to the topping-out event on the roof, giving them the chance to see the impressive progress made on site.
“Their continued support means we can start the build of phase two immediately, which means completion will be approximately nine or 10 months sooner than expected.”
Graham Wellesley, founder and chief executive at Wellesley, added: “Downtown is a high quality, aspirational apartment scheme and the impressive pace of sales fully supports this. Working with the McGoff Group on this project has been a pleasure.
“Since 2007 property developers have found it increasingly hard to secure funding from banks and building societies. As a specialist alternative lender, we work hard to fill this gap, providing flexible lending packages that meet their needs.”
Who’s wonderful idea was it to design river front apartments with no private outside space? Ridiculous
By Steve
Completely agree Steve. yet another example of poor planning standards in mcr/ Salford.
By Juliette
Unless an apartment is really large (not going to happen in Manchester) I don’t see the point of any apartment that doesn’t have a balcony or some type of buffer/breakout zone. I’ve viewed a few of these new developments just out of curiosity and I think many are awful. Basically small, cramped, totally sealed glass and concreate boxes – no flare or imagination. I fear that future generations will be left to pick up the pieces of this architectural vandalism that is sweeping through my city.
By coolmanc