CQ Investments, a subsidiary of Renaker, is putting together plans to build 1,400 apartments across four “landmark buildings” designed by SimpsonHaugh & Partners, on a car park site to the South of Manchester city centre.
According to a leaflet promoting a consultation event taking place next week, the plans echo those previously proposed for Owen Street by Donal Mulryan’s West Properties, approved in 2008.
Also designed by SimpsonHaugh & Partners, then Ian Simpson Architects, the project featured five towers of between 14 and 49 storeys, made up of 1,200 apartments, a hotel and offices.
Renaker bought the site from Morgan Stanley last year, after it was put on the market in a sell-off of former West assets in Manchester city centre. Two other sites, Origin in Princess Street and Renaissance Hotel in Deansgate, were bought by Urban & Civic.
Morgan Stanley acquired a £216m portfolio of loans against West assets in 2011 from the National Asset Management Agency. NAMA took over the debt during the Irish banking crisis.
Under Renaker’s plans, which are to be put on display next week as part of a pre-planning application consultation, Owen Street will feature four residential buildings made up of 1,400 flats, supported by an amenity building which will include a tennis court, swimming pool, cinema, gym, basement parking, cafes and restaurants. The properties will be surrounded by 95,000 sq ft of public realm.
According to the consultation invitation, the development aims to be “of the highest architectural quality”.
The consultation will take place on 13 January at the GIA office, 2 Commercial Street, M15 4RQ, between 3pm and 7pm.
Deloitte is advising on the planning application.
Renaker was unavailable for comment when contacted by Place North West.