The 96-apartment block on Salford’s Chapel Street will be 100% affordable and forms the latest element of the £1bn Salford Crescent masterplan.
Registered provider Salix has been selected as the preferred party to manage the nine-storey development.
The scheme, known as Greenhaus, will see the proportion of affordable homes within the 50-acre masterplan rise to 25%, according to ECF, a consortium made up of Muse Developments, Homes England and Legal & General.
In a similar deal that completed in August, Waterside Places – a joint venture between Muse Developments and Canal & River Trust – entered into an agreement with registered provider Clarion Housing Group to forward fund a 106-apartment scheme at Islington Wharf in Manchester.
On Chapel Street, Salix and ECF aim to deliver Greenhaus to Passivhaus standards. Buttress is the architect for the project, which is in line to be approved by the council later this week.
Subject to planning approval, work could start on site in January. The build is expected to take two years.
The site is located next to the recently completed Atelier, which provides 178 apartments, and will include EV parking spaces, a public square and enhanced landscaping.
As well as Atelier, ECF has delivered several residential developments on Chapel Street since 2013.
- The 97-home Vimto Gardens
- Timekeepers Square, which comprises 36 townhouses
- Carpino Place, made up of 22 townhouses
- Valette Square – another 33 townhouses.
Maggie Grogan, senior development manager at The English Cities Fund, said: “As a responsible business, we’re leading the charge and are committed to developing innovative ways we can deliver regeneration more sustainably and do our bit to tackle the climate crisis. So, to be able to deliver sustainable and affordable homes in the heart of Salford, is testament to the hard work, tenacity and progressive thinking of everyone involved.
“We believe that we’re continuing to add to this diverse place through our work repurposing key parts of the city in partnership, by delivering choice and amenities, driving investment, while providing opportunities, all to directly benefit Salford community.”