Far East Consortium’s in-house construction arm DEX has reached the highest point of construction at the 80-home scheme, within the £4bn Victoria North project.
The development will include a mix of one and two-bed apartments as well as nine three-bed townhouses.
New Cross is one of seven neighbourhoods being brought forward as part of Victoria North, which is led by FEC with Manchester City Council.
The overall project plan is to deliver up to 15,000 new homes while reusing brownfield and underutilised land over the next 15 years. Progress is also being made on developments within Red Bank and Collyhurst.
Construction on New Cross Central, where 70% of homes have already been sold, is set to complete in autumn 2022.
Nick Whitehouse, delivery director at FEC, said: “The topping out of New Cross Central is an important milestone for us, not just as a focal point for the future New Cross neighbourhood but one of the first developments within Victoria North to approach completion.
“There has been a significant amount of regeneration in New Cross and we feel that New Cross Central will positively contribute to the area and act as a catalyst for further development.”
Other developments advancing in New Cross include Mulbury’s £32m, 144-home development on Oldham Road, funded by Cheyne Capital, and a £37m joint venture between Capital&Centric and Kamani Property Group on Swan Street.
Four years ago, the city council instigated a public realm strategy as the area became more of a focla point for city living.