Details of how a £450m plan to transform a Manchester neighbourhood and create almost 2,000 jobs have been revealed.
Land in Upper Brook Street, Ardwick, has been earmarked for the proposed development which would feature new life sciences space and student accommodation.
The plans could create 1,900 jobs and apprenticeships while the team behind the development, McLaren Property, Property Alliance Group (Alliance), Moda Living and Kadans Science Partner, have said the scheme could provide a £138m economic benefit.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
The scheme has been designed by architects Hawkins Brown, Sheppard Robson and SimpsonHaugh and would also include green space and pocket parks as well as improved pedestrian and cycling routes. There could also be a GP surgery, a new community centre, retail and cafes.
If approved, McLaren Property working alongside Kadans would deliver 740 student bedspaces and 218,556 sq ft of technical real estate respectively.
The new sci-tech floor space would be developed by Kadans’ in-house team while the student accommodation would be developed by McLaren Property.
Moda Living and Alliance would deliver 470,000 sq ft of life sciences and c.1,100 student accommodation beds (200 affordable), along with mixed-use space. The student beds are the first to be announced in Moda Living’s 4,000-bed student accommodation pipeline.
David Atherton, development director at McLaren Property, said: "We are excited to be part of a collective effort to regenerate this suite of disused sites. It is a fantastic opportunity to reimagine this area of Ardwick working with local people, to help set a new direction of positive change.
"The delivery of new sci-tech led workspaces, student homes, green spaces and jobs can together transform the way in which these sites contribute to the local area and help support its future economic growth. We are excited to progress discussions with local stakeholders and the community as the plans continue to evolve."
James Sheppard, managing director, Kadans Science Partner, added: "The plans are a result of a collaborative vision to transform and create a new mixed-use neighbourhood.
"The Manchester science and technology market is growing significantly and desperately requires more highly technical real estate to meet the demand. To address the ever-changing sci-tech landscape, robustness and adaptability continue drive and inform our industry leading spaces to promote collaboration and innovation."
Alex Russell of Property Alliance Group, said "This masterplan provides an exciting opportunity to unlock and breathe new life into what is a historically rich and vibrant inner-city neighbourhood.
"Residents, students and employees are at the heart of our plans, bringing forward a desirable destination to live and work, with green space, fantastic and much-needed amenities and a place of study and work that attracts and retains the best talent.
"We aim to create a space that is not only recognised internationally for its advanced Life Science facilities and talent pool, but in doing so, creates a safe, thriving community for everyone that lives, works and passes through it.
"We look forward to sharing detailed plans and further partnerships joining on this hugely anticipated collaboration."
Oscar Brooks, co-founder and director at Moda Living, added: "Upper Brook Street is an extremely exciting masterplan that will completely transform this key central site into a thriving new urban community in the heart of the city.
"Manchester has one of the most vibrant and exciting student scenes in the country, but as a city has been highly underserved in the delivery of secure, high-quality homes for those students.
"Moda's student homes at the Upper Brook Street neighbourhood will help address that shortage with a focus on wellbeing and student experience, and with social and environmental sustainability at the core of the development.
"We look forward to continuing to work with Alliance, McLaren and Manchester City Council to create an outstanding new part of Manchester."
READ NEXT:
Iconic Northern Quarter shop Oi Polloi set to close as owners plan rebrand
In The Style agrees £1.2m sale to avoid administration after value drops by £104m
Plans for £60m building which could create over 2,500 jobs at Manchester Science Park revealed
Bank to create 1,000 Manchester jobs after signing deal to open major city centre office
