MCR is to receive £6m from the Greater Manchester Combined Authority to support the 16-storey development off Seymour Grove in Old Trafford.
The scheme, which has been planned since 2017, will provide 64 one-bed apartments and 110-two beds on a plot next to the existing Trafford Plaza office, which has been converted for residential use.
Designed by Leach Rhodes Walker, the block of16 storeys will be built to the rear of Trafford Plaza. The scheme first received planning consent in June 2017, while a revised application was approved in February this year. As well as the apartments, 160 car parking and 170 cycle parking spaces will be provided.
Hazellock, an MCR special purpose vehicle for the development, is set to receive £6m from the Greater Manchester Housing Investment Loans Fund to get the scheme under way; the GMCA said the funding would allow MCR to “bring forward the redevelopment of a brownfield site and support the regeneration of the Old Trafford area”.
The GMCA is expected to sign off the funding at a meeting tomorrow. The professional team on the project includes Curtins; WYG; Roman Summer; Barnes Walker; and RSK.
If MCR’s loan is approved, it will bring the total value of loans from the fund to £434.5m. As well as MCR, Splash Developments is set to receive £2.4m to build 18 homes on the Daisy Bank Mill site in Newton Heath. Planning permission was secured in May 2017, and the funding will be used to address viability constraints.