The team behind plans for 900-bedroom student and graduate co-living scheme in Manchester city centre is expecting to submit a planning application by the end of September.
Earlier this month, IQ Student Accommodation, backed by the Wellcome Trust, Goldman Sachs and Greystar, revealed plans for a large-scale residential scheme targeted at young occupiers, next to Vimto Park and the train line into Manchester’s Piccadilly station.
Designed by Sheppard Robson, the three-block scheme would replace the existing Chandos house student accommodation building with 643 bedrooms aimed at recent graduates and young professionals, alongside 242 rooms for university students.
The Echo Street development, described as “the UK’s first ‘co-living’ scheme”, would include fully furnished apartments, amenity spaces, work areas, lounges and a gym.
The three buildings are staggered in height from 12 to 24 storeys.
IQSA is yet to confirm its rent prices, but said it has considered average salaries for graduates in Manchester and across the UK more broadly, and is confident that the part of the scheme targeted at recent graduates will have a lower cost than that of the wider private rental market.
A public consultation event was held yesterday. An online consultation will continue to run until 7 September, at www.echostreetconsultation.co.uk.