Knight Knox International and Fortis Developments has submitted a planning application for a buy-to-let residential scheme in Adelphi Street, Salford.
The 450,000 sq ft development on the bank of the River Irwell will be let and managed by Fortis Lettings & Management.
Adelphi Wharf will be completed over three phases. There are 580 apartments and townhouses included in the first phase, which is due to be completed in August 2016 subject to planning.
Knight Knox launched the scheme to potential investors this morning. Prices for an apartment start at £94,995.
Kieran Moore, director of Fortis, said: "Fortis Developments has worked closely with Salford City Council and Urban Vision to ensure that the design and visual impact of Adelphi Wharf complements the area, whilst incorporating modern architecture along the city's water front.
"A riverside walkway will be created to offer easy access to the waterfront, allowing residents to enjoy Salford's surroundings with ease. Adelphi Wharf is an exciting project, which we expect the whole area to benefit from, enhancing the city's growing reputation and breathing new life into this currently vacant site."