Allied London's £1bn masterplan for the former ITV Granada site in Quay Street has been signed off by Manchester City Council.
The council's executive met yesterday to discuss the proposals as part of its executive committee meeting. A period of formal consultation is expected to begin shortly.
The scheme has the potential to deliver 4m sq ft of new and refurbished mixed-use development, which will include:
- 2,500 – 3,000 residential units, with townhouses, penthouse apartments, live-work units and high-rise living
- 500 of these brought forward on the core site as a private rented community
- Up to 600,000 sq ft of workspace, mostly aimed at creative industries
- 80,000 sq ft of this via refurbishment of the Bonded Warehouse
- Up to 400,000 sq ft of leisure space, incorporating some of the existing entertainment and studio buildings
- Two hotels, including the Grande hotel
- Up to three arts and cultural buildings
The plan is to be delivered through phasing, with the first phase on site in 2015, and the final stage delivered in 2022.
The majority of heritage assets are to be retained and incorporated, including the Victorian Bonded Warehouse, the Granada HQ building, Breeze Studio and gardens, the Manchester and Salford Junction Canal and Accumulator Tower.
The plan was developed by Ian Simpson Architects for Manchester Quays Limited, a joint venture between Allied London and Manchester City Council which purchased the 13-acre site in 2013.
John Cooper and Laura Feekins at Deloitte Real Estate are the planners on the scheme.