Bouygues, Eric Wright and Russells have been shortlisted to build the first phase of Far East Consortium’s £200m MeadowSide development in Manchester, after the first two apartment blocks were launched for sale.
A winning contractor for the first phase – The Gate and The Stile, housing 286 one, two, and three-bed apartments – is expected to be named by the end of the year, and start on site in April 2018. The buildings reach 22 storeys and 17 storeys in height respectively.
The starting price for the one-bed apartments in the towers is £189,950, while the two-bed apartments start from £289,950.
A main contractor for the second phase of the project, a combined 12 and nine storey building containing townhouses and three-bed apartments, will be chosen by the end of the year, with four bidders understood to be in the running.
The last phase, a 41-storey tower, are expected to be put out to tender in 2018. Overall, MeadowSide will deliver 750 new homes across five buildings, alongside 6,600 sq ft of commercial space.
The scheme has been designed by 5plus Architects; Cushman & Wakefield and JLL are the agents. Plans were submitted for the project in May this year, and approved in August.
At a launch event, Far East Consortium said around 30 apartments had already been sold in the past two days, the development is due to officially launch overseas next week at events to be held in Hong Kong, Malaysia, and Singapore, among others.
FEC said it would not be bulk-selling the apartments to overseas parties, with the first phase targeted at investors and the second phases – the townhouses – more targeted at local families and professionals.
FEC also revealed it would be taking up around 4,000 sq ft of office space in Manchester’s Northern Assurance Buildings to house its project team for the Northern Gateway project.
Around 36 staff will be housed in the building to work on a masterplan for the £1bn scheme, which has FEC as delivery partner.
Over the course of a decade, the £1bn scheme is expected to include over 300 acres of development land, bringing up to 10,000 new houses to a series of sites north of Victoria station, taking in New Cross, the Lower Irk Valley and Collyhurst.