Residential developer Mulbury City has submitted a planning application to Manchester City Council to build a total of 145 private rented flats divided between two eight-storey blocks on Great Ancoats Street.
The design by Tim Groom Architects includes a mix of studio, one, two and three-bedroom apartments at the junction of Blossom Street. The scheme also includes 6,000 sq ft of commercial space.
Both blocks would be retained and managed under single ownership.
The £35m proposal is the latest in a long line of residential projects to come forward in the area. Other residential developers active in Ancoats include Manchester Life, First Step, M-One Central and Mulbury City itself on the corner of Port Street and Great Ancoats Street.
The scheme will regenerate a partially vacant and under-utilised site that currently houses a derelict electricity substation and surface level car park.
The larger apartment building, Block A, is bounded by Great Ancoats Street, Blossom Street and Gun Street, while Block B is bounded by Gun Street, Blossom Street and Henry Street.
Mulbury recently announced a funding deal with M&G Real Estate for its first PRS project, a £27.6m scheme of 135 apartments in the Northern Quarter, where Port Street meets Great Ancoats Street.
Deloitte is advising Mulbury City, the private residential development arm of Mulbury Homes.