Following a deal for Stretford Mall earlier this year, the council has exchanged contracts to buy the former Royal Mail delivery office on Lacy Street.
The Lacy Street site, opposite a surface car park and backing on to the Bridgewater Canal, is seen by the council as a key component of its wider masterplan for the area.
The council said the purchase was in a “key location” with the option of opening up the site to the Bridgewater Canal when it is redeveloped. The building has been vacant since August 2018 when the Royal Mail relocated its functions to Old Trafford.
Under the masterplan for Stretford, which was approved in January 2018 and is currently being refreshed, the area around the north end of Lacy Street was originally earmarked for a high-density student development, but this was scaled back following strong opposition at consultation.
Instead, options for the delivery office site and the surface car park could include a lower-rise scheme including affordable housing, student flats, and commercial space.
The purchase feeds into a wider strategic move by Trafford Council to buy up vacant or under-used plots around Stretford to bring forward a regeneration of the area.
In September, Place North West revealed the council, working in partnership with Bruntwood, had struck a deal to buy Stretford Mall from M&M Asset Management.
A consultation into the future of the Mall was launched earlier this month. Among the options being put forward are to attract more independent local businesses to the area; improving lifestyle and leisure offerings; and possible residential development, along with offices and commercial.
A spokesman for Trafford Council said: “One of our aims is to create successful and thriving places in the borough, with a particular focus on our town centres and local communities, and this deal allows us to do this.
“The purchase of the former Royal Mail delivery office on Lacy Street is a very important factor in terms of the regeneration of Stretford Town centre and the Lacy Street area. This could give us the opportunity to open up onto the Bridgewater Canal.
“Lacy Street is central to the Council’s vision for an improved and revitalised Stretford. Acquiring Stretford Mall was a massive boost to the area and our residents, with the opportunity for comprehensive redevelopment to also include our Lacy Street site. I know residents have been calling out for more investment in the area and we are listening to them.”