MCR Property has started work at 32 Mason Street in New Cross to the north of Manchester city centre, a 13-apartment scheme in a converted Victorian mill.
Cushman & Wakefield’s new homes team has been appointed by MCR’s sales arm Regency Residential to market the flats, which are due for completion at the end of February 2019. The scheme’s architect is Coda.
Apartments at the development start from £179,950, with Help to Buy options available. The developer said that each apartment features unique characteristics, with various original historic details and industrial features retained.
The 14,700 sq ft development comprises six one-bedroom apartments, three two-bedroom apartments and four basement level duplex apartments.
Julian Cotton, associate and head of C&W’s new homes team in Manchester, said: “With Help to Buy available, this offers a superb opportunity for first time buyers looking to get a foot on the property ladder.”
Rana Ashkar, business development director of Regency Residential, said: “Whilst offering bespoke, contemporary finishes throughout, we felt it vitally important to absorb and showcase as many of the buildings original features, ensuring we retain a sense of character.
“We strongly believe that prospective purchasers will love the blend of old and new, as well as the immensely popular location.”
New Cross is a priority development area for the city, which last year green-lit a £6.8m public realm strategy for an area that sits between the top of the Northern Quarter, Ancoats to the east and NOMA to the west, making it a vital stepping stone in realising the Northern Gateway housing plan.
MCR, which bought the building in June, also owns a neighbouring property on Marshall Street which it plans to convert into 14 units. Other developments nearby include the £17m StayCity aparthotel, designed by SimpsonHaugh, which is being built by contractor Bardsley.