UK-based developer Capital & Centric has received approval from Manchester City Council for its $36.88m (£28m) Ferrous homes development.
Located on Chapeltown Street, the 15-storey apartment project involves the construction of 107 design-led flats for rent in Manchester’s emerging Piccadilly East neighbourhood in the UK.
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Ferrous scheme features two café bars at ground-level, two green pocket parks, a rooftop residents’ garden and a space for pop-up events – the Cabin.
Capital & Centric co-founder Tim Heatley said: “It’s no mean feat establishing a new neighbourhood in a city centre, but Piccadilly East is becoming an awesome place to live.
“Ferrous is the next part of the story, bringing more new homes with our trademark design-led finish, but crucially more spaces that’ll breathe life in the area.”
The development will be built on the patch of land, a 0.4-acre site, next to the company’s Phoenix and Crusader communities on Chapeltown Street.
Construction work is expected to commence in autumn this year and complete in 2024.
Heatley added: “There’s a genuine community forming across Crusader Mill and Phoenix, with owner occupiers forging friendships and making the most of the awesome location.”
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By GlobalData“Ferrous will deliver a new social hangout space, with lush planting and The Cabin – a space for indie pop-ups and one-off foodie events to get people spending time there.”
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Ferrous will be a new addition to Piccadilly East neighbourhood in Manchester, UK. Credit: Capital & Centric.
