TH Real Estate has submitted a planning application for a £140m residential-led development on Salford Quays’ Pier 7, with up to 800 apartments replacing a 1980s office park.
According to documents submitted to Salford City Council, TH Real Estate plans to build an “urban waterside ‘city living’ development” which “will be an attractive addition to the Quays, improving the experience of exploring the area and symbolic of wider positive change and regeneration”.
The office complex known as Waterfront Quay was built in the 1980s and has struggled to attract occupiers. Around half of the buildings are currently vacant.
The redevelopment would total 700,000 ft of residential space, and would include 20,000 sq ft of retail units alongside landscaped public realm and pedestrian links. The apartments would be for a mix of owner-occupiers and private renters.
If outline planning approval is granted, detailed designs will be submitted later this year. The first phase of development could be complete by 2018, and further phases brought forward up to 2021.
CJCT and GW Planning are advising on the scheme.
TH Real Estate is the trading name for TIAA Henderson Real Estate.
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