To be operated by the company’s build-to-rent arm Affinity Living, the SimpsonHaugh-designed project would comprise 485 apartments across 34 storeys.
Located on the corner of Great Ancoats Street and Port Street, the scheme was first revealed by Place North West last June.
A consultation on the proposals was held in October. At that time, Select Property Group was planning a 31-storey tower with 445 flats.
Since then, the scheme has increased in scale up to 34 storeys at its highest point. A separate 11-storey block fronts Great Ancoats Street, while the tower element is set back.
The apartments are a mix of one-, two- and three-bedroom properties. A viability appraisal by Lambert Smith Hampton calculates the development’s GDV at £154m.
Subject to planning approval, construction could get underway this summer, according to the developer.
Adam Price, chief executive at Select Property Group, said: “Working with a very talented local design team, we have taken our time to shape these proposals and ensure we deliver an ambitious yet sensitive scheme which makes a positive contribution to the city, adding further energy to this thriving part of Manchester.”
Select bought the Port Street site, currently used as a surface level car park, from Leeds-based developer Town Centre Securities.
The proposals are the latest to come forward under Select’s Affinity Living brand. Other Affinity Living communities can be found at Circle Square on Oxford Road in Manchester, as well as Embankment West and Riverside and Riverview in Salford.
The Port Street proposals aim to link Ancoats and Piccadilly Basin and have been guided by the design principles set out in the Piccadilly Basin Strategic Regeneration Framework.
Earlier stages of Piccadilly Basin’s regeneration featured the creation of the 160,000 sq ft Urban Exchange Retail Park, a 232-space multistorey car park on Tariff Street, and the Dakota Hotel on Ducie Street.
Deloitte is the planning consultant, Re-form landscape architects is leading on landscape design, and Stephen Levrant Heritage Architecture is advising Select on the heritage elements of the scheme.