Salford readies land deal for £53m apartment block
The city council is planning to dispose of a plot off Trinity Way to a vehicle controlled by Salboy and Domis directors, paving the way for a 250-flat scheme called Obsidian.
Trinity 2 Limited, which counts Salboy’s Simon Ismail and Domis’ Lee McCarren and Kingsley Thornton as directors, won approval for the 26-storey scheme last year.
Designed by Studio Power, the £53m Obsidian would be constructed on a narrow strip of land close to Salboy’s Local Blackfriars development.
At present, Domis owns around half of the Trinity Way site with the city council owning the rest.
In order to bring Obsidian forward, a land sale/swap is required.
In return for selling its interests in the Obsidian site to the Domis/Salboy vehicle, Salford City Council will receive a capital receipt plus a plot of land currently used as a car park close to the developer’s Fifty5ive scheme north of Blackfriars Road.
The city council will acquire the site as a going concern and is in the process of searching for an operator to manage the car park. The authority will also “explore proposals for potential future development at the site”, according to the report.
An options appraisal will be carried out to assess the site’s potential. A residential scheme and “opportunities for a wider strategic land deal with adjacent landholders to support the council’s Greengate regeneration strategy” are on the table, the report states.
Salford City Council said in a report to its property and regeneration committee that the land deal would “facilitate residential development at the site which is strategically important for the regeneration of the Chapel Wharf area”.
A Salford City Council spokesperson said: “Councillors will decide as to whether to move forwards with plans to sell some land, and also buy land in Central Salford. The transactions, if approved, will rationalise ownerships in the area and pave the way for future developments at both sites. Prior to any future development the Queen Street at Greengate will remain as a car park.
“The proposals are detailed in the written report which Councillors will consider at Property & Regeneration Briefing on the 12 February.”
Hope that they have looked at the parking.If they think there will be only afew cars,they are mistaken
By Anonymous
Positive step by SCC – can’t wait see to how much on site affordable housing will eventually be developed.
By Anonymous
It’s like a 40 storey wall.
By Anonymous
“a plot of land currently used as a car park close to the developer’s Fifty5ive scheme north of Blackfriars Road”
Does anyone know where it is?
By Martina
I’m also wondering about the car park on queen street. Is that the very small plot between Fifty5ive and Trinity way or the larger one next to Greengate park?
By Anonymous
26 storeys for a prime city site seems quite small. Would have liked double here
By Giant Skyscraper Fan
Do the people who comment about car parking spaces on every article have fun lives?
By Anonymous
I like this. It is gloomy but in an impressive way.
By Elephant
An underground car would be ideal like they have on the continent. Also fun lives? Well anything is better than cycling in spandex on an average day in the North west.
By Lance Myboil
I quite enjoy cycling. Beats paying 4 grand a year to sit in traffic. Gliding past queues of irate motorists gives a lot of joy – more should try it. Would free up the roads for those that actually need to try
By Anonymous
Oh dear , funny how an article about a building and development rapidly turns into irate cyclists bemoaning traffic congestion. This is a great development, slightly Gotham like in this CGI but nice design . Mammil’s or motorists should agree on that… then again !😉
By Anonymous
I get behind most developments, but I struggle with this one. Can’t really articulate it. I suspect it’s one of those ones that when you see it in the flesh will disappoint.
By Tom