The city council is to receive cash from the Greater Manchester Combined Authority’s Brownfield Housing Fund to unlock two sites that could be redeveloped into 257 homes.
The GMCA and Salford City Council are to enter into a grant funding agreement for a portion of a £16m award from the government to the combined authority. The council did not disclose the exact amount it was seeking when contacted by Place North West.
Salford wants to buy the site of the former Waterloo Pub on the corner of Boond Street and Greengate, and King Street car park.
The residential plots have been identified as the next to come forward at Greengate, an area of high development activity.
- Scroll down for a list of Greengate schemes
The sites fall into three different ownerships but the council is “optimistic that terms will be agreed” for the acquisition of the land.
However, a report to Salford City Council’s property and regeneration committee said “greater powers may be required as negotiations progress, including compulsory purchase powers”.
The city council aims to appoint a development partner for the housing projects by October.
If the funding does not cover the full value of the site, the developer will be expected to part contribute to finance the purchase of the site, according to the council.
Work must start before September 2024, in line with the terms of the Brownfield Housing Fund.
Several Greengate schemes are at varying stages of the development process.
- Renaker’s 50-storey Colliers Yard – under construction
- Elliot Group’s £70m The Residence – stalled
- Salboy’s Fifty5ive – under construction
- Bradley Manor’s 104-home Copper Works – under construction
- Embankment 100 and 101 offices – completed
- The 55-storey One Heritage Tower – plans approved
- Renaker’s Anaconda Cut – completed 2018
- Vita’s 356-home Embankment West – under construction