Property

Manchester’s Piccadilly East neighbourhood set to grow as £28m plans are green lit

Capital & Centric's new 'Ferrous' development will feature a total of 107 design-led rental apartments, and a number of social spaces.

Emily Sergeant Emily Sergeant - 18th March 2022

Manchester’s Piccadilly East neighbourhood is set to grow once again as plans for a new £28 million development are given the green light.

In what is another prominent milestone for the renowned social impact developers, Capital & Centric have announced that Manchester City Council has approved plans for the new ‘Ferrous’ block in the vibrant neighbourhood, which will feature a total of 107 design-led rental apartments on Chapeltown Street, just a stone’s throw from Manchester Piccadilly station.

Ferrous will act as a neighbour to Capital & Centric’s existing projects in Piccadilly East, which are the historic Crusader Mill restoration, and the new build Phoenix community.

As well as 107 new homes over 15 storeys, according to Capital & Centric, Ferrous will also boast a rooftop residents’ garden, two café-bars, lush pocket parks on the ground floor, and most-notably, The Cabin – a new space for pop-up events.

The 20,000 sq ft site was once protected as part of the expansion of the Metrolink line, but has since been left empty for years.

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The green light for Ferrous will see more street-level spaces for residents to hangout, with the shared gardens, and The Cabin set to become a social hub.

Speaking on the green light, Tim Heatley – co-founder at Capital & Centric – said: “It’s no mean feat establishing a new neighbourhood in a city centre, but Piccadilly East is becoming an awesome place to live and 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.

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“There’s a genuine community forming across Crusader Mill and Phoenix, with owner occupiers forging friendships and making the most of the awesome location, and 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.

“That, plus the two spaces for café bars or shops should really help foster that close-knit neighbourhood feel, right round the corner from Piccadilly station.”

Construction on Ferrous is planned to start this autumn, and complete in late 2024.

Featured Image – Capital & Centric