Plans to build a 40-storey residential tower in Manchester, UK, have been unveiled by Ask Real Estate Limited (AREL) and SimpsonHaugh and Partners at MIPIM.
The project will involve the construction of 350 new apartments on the former Bauer Millet showrooms site. It will also include a 22,300 sq m, 14-storey office building, as well as retail floorspace for bars, restaurants and shops along Great Bridgewater Street.
Additionally, significant improvements will be made to the pedestrian environment along Great Bridgewater Street by removing sections of the existing bridge.
John Hughes, AREL managing director, said: “Our scheme will be a visionary development, something which only a few years ago, would have been almost impossible to imagine happening outside of London.
“The huge levels of investment we have seen into Manchester’s infrastructure coupled with efforts by the Universities to attract and retain talent has seen an upturn in graduate retention and consequently an influx of businesses looking to establish themselves in the city centre.
“In turn this has driven demand for new hotels, retail and leisure outlets - the development of which has boosted the city's economy. These factors mean it is now time for us to unlock previously hidden opportunities and the Bauer Millett showrooms is a strong example of this concept."
The development will be brought forward in a partnership between Ask, Manchester City Council (MCC), Transport for Greater Manchester (TfGM) and Manchester Central.
AREL acquired the 1.74 acre Bauer Millett showrooms site almost a year ago.
* For more information on the UK construction market, visit the Construction Intelligence Center Report Store.