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.