Two planning applications have been submitted to Manchester City Council for 170 homes for market rent in Hulme.
If approved the project from One Manchester, known as Hulme Living, will see a mixture of two-bed apartments and three-bed townhouses built at Leaf Street and Royce Road.
The new homes on Royce Road will consist of 67 two-bedroom apartments designed by OMI architects and situated on a corner site where Royce Road meets Chorlton Road.
Designed by Mecanoo, the development on Leaf Street will have 105 new homes next to Princess Parkway.
One Manchester is a housing provider responsible for managing more than 12,500 homes across south and east Manchester.
This is the first new-build scheme proposed by One Manchester since the organisation formed earlier this year from the merger of Eastlands Homes and City South Manchester Housing Trust.
All revenues earned from the new homes will be reinvested back into community development programmes.
A summary of the proposals is also available at www.hulmeliving.co.uk which will be updated as the planning application progresses.
Dave Power, chief executive of One Manchester, said: “Hulme Living is our first new build project and represents an exciting new direction for One Manchester. The 170 new homes will help in meeting the demand for new properties in the city, whilst the revenues will bring benefits to the local area and our communities.
“I would like to thank everybody who has taken part in the consultation and assure nearby residents that we will be continuing a positive and constructive dialogue as these plans progress.”