Build-to-rent developer Packaged Living has unveiled details of its 350-unit residential project in the Piccadilly East area of Manchester, including up to 10,000 sq ft of retail, after purchasing the site in January.
The commercial element is to include retail and food and beverage units on the ground floor of the scheme, situated within a wider mix of restaurants, shops and public amenities known as The Square.
Packaged Living’s proposed one-, two- and three-bedroom privately rented homes would be contained within a block directly above the retail units, with car parking and other amenities including three roof gardens, a residents’ lounge, gym and bike repair workshop.
The project sits within the wider Piccadilly East masterplan for an area of the city centre sandwiched between Piccadilly train station, Ancoats and the Northern Quarter.
A public consultation on the proposals launches today, including ‘digital drop-in sessions’ to replace traditional face-to-face events amid lockdown, and runs until Friday 22 May. Turley is the planning consultant, CallisonRTKL is the architect and Re-form is the landscape architect.
London-headquartered Packaged Living bought the 0.7-acre plot on Heyrod Street in a joint venture with property investor Fiera Real Estate for £6m in January.
Fiera Real Estate directly manages more than £870m of assets across the UK. The Heyrod Street purchase was one of several acquisitions that makes up the first round of its Real Estate Opportunity Fund V with CBRE Global Investment Partners.
The Piccadilly East masterplan has already delivered Capital & Centric’s Crusader Mill apartment scheme on Chapeltown Street and the Leonardo Hotel by the same developer.
The public realm plans were approved by Manchester City Council in August 2019. Packaged Living said in January that it aims to start construction of the Heyrod Street scheme in 2021, subject to being granted planning consent. An application is expected to be submitted later this year.
Mark Woodrow, joint managing director of Packaged Living, said: “We are…progressing our plans at a challenging time. Due to the proximity of Piccadilly East to Piccadilly station, the area is developing very quickly.
“The funding of the Leonardo Hotel and wider public realm consent has created real momentum in the neighbourhood and we are staying on programme to help boost the city centre economy coming out of lockdown.”