X1 takes over Salford tower cluster delivery
Further details have been revealed of a scheme of 1,000 apartments set to be built near the Broadway Metrolink stop at Salford Quays.
Plans for the development of up to six buildings, potentially ranging in height to up to 47 storeys, were revealed by Peel L&P earlier this year. Salford City Council granted outline planning consent in March. The scheme was put together by Jeffrey Bell Architects and NJL Consulting.
Peel L&P is understood to have sold the site to X1 Developments, which owns four residential blocks on an adjoining plot, known as X1 Media City.
X1 is marketing the project to investors as X1 Media City Phase II, and has said the scheme will total five towers, “each with unique facades clad in shades of bronze, silver, gold, rose gold and platinum”.
The highest building would sit at 35 storeys, equivalent to 117.37 metres high. In total, X1’s scheme would deliver more than 1,000 apartments for rent, targeted at buy-to-let landlords.
According to a statement from X1: “With Manchester leading the way in house price growth, the average house price in Greater Manchester sits higher than the average salary for the would-be UK home owner. With this in mind, rental demand has steadily increased along with fast–rising rents.
“This mixed-use scheme is an ideal investment opportunity and is truly unique in its contemporary design.”
X1 and Peel have been contacted for comment.
Why would any investor worth his salt, and who did a modicum of research about X1, buy from them given the trouble they are in with their current builds, and given the cladding disaster of phase one X1 Mediacity?
By Tyler
GROSS
By Anonymous
@Tyler they are not in trouble. The contractor for most their builds went into admin before Xmas (not down to X1). The cladding disaster is more subjective. They followed planning procedure so not sure where you are coming from.
By sherbert_lemon
The buildings look poor even in the renders.
By Anonymous
What Sherbert said really. X1 had a close relationship with a few different contractors, with Forrest being a pet fave that went into admin. Not their fault per se, although they do like to get into bed with contractors who like doing things of a cost effective nature shall we say…..
By PS
It’s great that Salford is booming. My worry is with all the space available no room is being made for green spaces. A couple of trees here and there is not good forward thinking in my opinion.
By Paul
A 35 storey tower is not wanted by residents of the Quays. Pure greed over people. Salford Council should put a stop to this ugly plan.
By Jo Jolliffe
I’m a Salford Quays resident and I welcome more towers the more the better the higher the better. Salford Quays is midrise, it should be high rise.
By Jay
‘targeted at buy-to-let landlords.
According to a statement from X1: “With Manchester leading the way in house price growth, the average house price in Greater Manchester sits higher than the average salary for the would-be UK home owner. With this in mind, rental demand has steadily increased along with fast–rising rents.’
Rather than creating affordable housing for the people of Greater Manchester to get onto the property ladder, we once again get a another stack of ugly buildings to be bought by investors to charge extortionate rents. X1 are quickly losing respect in the local communities.
By X1 Greed
Thanks for ur money Manchester
By Happy
I agree with Tyler, X1 have not been transparent to its investors on thei real reasons for delayed, stalled projects with most delaying by more than 2 years long before the contractor went into administration. Revised Completion schedules on most of their projects have been missed more than twice. No sign of builders on most projects to date. Be cautious of X1
By Wenger