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Manchester Development Update May 2016 an Analysis of the Period February 2016-May 2016

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Manchester Development Update May 2016 an Analysis of the Period February 2016-May 2016 MANCHESTER DEVELOPMENT UPDATE MAY 2016 AN ANALYSIS OF THE PERIOD FEBRUARY 2016-MAY 2016 Ed Howe May 2016 Headline Information This hasn't been a record-breaking 3 months but it has certainly felt like one. The number of projects Under Construction has increased, and the pipeline number of projects has also continued its upward trend. Renaker hasn't hung about in submitting a planning application for their Owen St towers, which should be Under Construction by August 2016. Projects starting construction…. X1 have started construction on Phase 2 of their scheme in New Islington; while at First St Number 8 has also begun construction and will become the headquarters for Gazprom Energy upon completion. X1 has already started construction on phase 1 of their MediaCity scheme, but now Phase 2 (also a 26-storey tower) has started construction as well.... also in Salford Quays, Amstone have begun building Phase 1 of their Clipper's Quay scheme and Ordsall's regeneration has started in earnest with 207 apartments at Bridgewater Point having started construction as well. In what has been a blow to the number of apartments U/C in the City Zone, the Angelgate scheme behind Victoria station has actually moved down out of the construction section: this is due to a squabble between the developer and the contractor, but should be resolved soon meaning construction can restart. Other schemes starting construction soon include the Axis Tower; X1 The Gateway at Salford Quays; 47 Houldsworth St and Manchester Life's two schemes at Leaf St and Royce Rd in Hulme. Also phase two at Stanley St and the Angel Gardens Tower are all anticipated to start construction before August. Projects which have been approved…. Approved projects this quarter include the Airport redevelopment megaplan: involving the demolition of Terminal 1 and the total rebuilding of Terminal 2 to offer capacity for 50 million passengers at Manchester Airport. Oxygen Tower (31 floors, 343 apartments); The Crescent (24 floors, 405 apartments); and Gore St (21 floors, 375 apartments) have all gained approval alongside numerous smaller projects such as 142 apartments at Gresham Mill in Ordsall; 86 apartments at DeTrafford's City Gardens scheme in Hulme and the Salford University School of Engineering. Projects which have filed for planning permission... We now have planning applications for the Exchange Court Tower (44 floors, 350 apartments); Owen St towers 1, 2, 3 & 4 (62, 43, 48 & 52 floors, 1,300 apartments); Affinity Tower (33 floors, 318 apartments), the entire Circle Square masterplan (390,000sqft of office space, 677 apartments and 1028 MSCP spaces); and Exchange Quay (23, 15 floors, 45 bedroom hotel, 132 apartments and 14,000sqft of office space) - as well as numerous other smaller applications totalling about 70,000sqft of office space; about 1000 apartments and 300 hotel rooms. Projects Under Construction - Salford | Salford University Gateway, New Adelphi | 7 floors | £55m - City Zone | Gazprom Energy | 7 floors | 187,000sqft | No. 6 1st St - X1 Salford Quays Phase 3 | 60 apartments | 6 floors - New Bailey, Stanley St | Apartment Block | 11 floors, 90 apartments, £16m - X1 Salford Quays Phase 2 | 2x6 floors | 120 apartments, £2 - City Zone | Motel One Cross Street | Commercial Buildings | 8 floors, 17m - "HouSe” Urban Splash, New Islington, 44 family homes 2&3fls, £10m - City Zone | Circle Square | Phase 1 – Student Accom, 12, 14 & 18 floors - The Point | New Islington Phase 2 | 30 Apartments | 4 floors, £20m - Salford | Redevelopment of Pendleton | Tower Blocks, new homes, etc - 56 Dale St Piccadilly | Refurbishment into 26 new apartments, £2m - City Zone | Union St New Islington | 302 apartments | 8, 9 & 10 stories - South Manchester | MAG World Logistics Hub, Enterprise Zone - X1 Eastbank “The Plaza” (Phase 2) | Great Ancoats St | 201 apartments - 8-10 Southern St | 2 four storey townhouses | Off Deansgate’ - Adelphi Wharf | Fortis Developments | 206 apartments (Phase 1) - City Zone | Cambridge St | 15 floors apartment block - South Manchester | SEMMMS Manchester Airport Link Road - Cornerhouse Conversion | Metropolitan University School of Theatre - Number 2 St Peter's Square | 12 floors | 161,000sqft Offices, £80m - Embankment 101 Office Block | 11 floors | 180,000sqft, £56m - Trafford | New Roof, Barton Square Trafford Centre - XYZ Building, Spinningfields | Offices | 9 floors | 160,000sqft, £20m - TRANSPORT | Electrification between Manchester and Preston - Cambridge St | 22 floors apartment block | 282 apts (altogether) - Salford | Greengate | 21 floors | Apartments - Residenza, George Leigh St Ancoats | 14 townhouses w/ gardens - Salford Dock Office | Conversion to 67 apartments, £2m - Greengate | 31 floors | Apartments 497 apts (altogether) - City Zone | Freemasons Hall Bridge Street Redevelopment, £2m - Wilburn St | Block A | 21 floors, apartments | 500 apts (altogether) - Salford | Wilburn St | Block B | 10 floors, apartments - Cambridge St | 28 floors apartment block, £21m (altogether) - Oxford Street Cross-Town Bus Priority & New Cycle Lanes - “Tomorrow”, Premier Inn MediaCityUK | 60,000sqft offices | 11 floors - South Manchester | Drama Hub at Sharp Project - Trafford | White City Redevelopment - South Manchester | Brunswick Redevelopment | £113m - City Zone | Hanover House Refurbishment | Offices | 91,000sqft - Overseas House | 6 storey office extension | 52,000sqft office - City Zone | 40 Chorlton St | Village | 40 new serviced apartments - X1 MediaCity Phase 1 | 26 floors | 275 apartments, £50m - 1 Ellesmere Street Hulme | 3fl, The Roof Gardens | 73 apts, £9.5m - Manchester Smart Motorway M60 J8 to J20 Renaker have filed a planning application for Manchester’s new tallest - Salford | Timekeeper’s Square | 36 townhouses, £15m building at Owen St. Credit: Ian Simpson Architects - TRANSPORT | Bolton Transport Interchange Redevelopment - Salford | Wilburn St | Block C | 7 floors, apartments - Salford | Wilburn St | Block D | 13 floors, apartments Starting construction soon…. - X1 Eastbank (Phase 1) | 310 apartments | New Islington, £10m - Hydes Brewery Hulme | Conversion to 73 luxury apartments, £2m - Salford | Stanley St New Bailey Block 2 | 16 stories, 135 apartments - South Manchester | Christie Hospital: Proton Beam Facility - City Zone | Angelgate/Tymarco Buildings | 2x19 floors | 434 Apartments - City Zone | Cow Hollow Hotel | Newton St | Northern Quarter - City Zone | Angel Gardens | 33 storey resi tower | 458 apartments - Salford Quays | X1 The Exchange | 10fl, 140 apartments, £10m - City Zone | Deansgate Station Refurbishment, £10m - St Peter's Square Redevelopment + New St Peter’s Square station - City Zone | Axis Albion Tower Apartments | 28 floors | 173 apts - City Zone | Gateway House Redevelopment | Hotel, 182 rooms - East Manchester | Elisabeth Mill | Reddish | 150 apartments | DeTrafford - Bridgewater Point | Everard St | 207 apartments | 5+8 floors, £25m - City Zone | Manchester Engineering Campus Development | £300m - Salford | Lower Broughton | 3500 homes, £500m - Trafford | Pomona Wharf | 11 + 10 floors, 164 apartments - Tamworth Neighbourhood Regeneration P1 | Trafford, 26 apartments - City Zone | Refurbishment of Royal Exchange | 7,038sqft offices - Urban Splash, Stubb's Mill Refurbishment | 22,500sqft office space - Salford Quays | X1 The Gateway | 14 floors | 133 apartments | Salford Quays - One Spinningfields Offices | 20 stories | 300,000sqft, £73m - Salford | Chapel Wharf | 995 apartments | 23/18/17/15 floors - South Manchester | Airport City Enterprise Zone, £800m - City Zone | 47 Houldsworth | Great Ancoats St, 13 floors, 119 apartments - City Zone | 2 Harter St, Conversion to 22 apartments | Off Princess St - Trafford | Hilton Garden Inn | Emirates Stadium, Trafford | 150 beds - City Zone | 1 Water Street | 28fl | 301 apartments, £30m - Hulme | Sky Gardens | deTrafford | 162 luxury apartments | 12 floors - Salford Quays | Clippers Quay Phase 1 | 2x8 floors | 208 apartments - City Zone | Opposite the Apollo | 6 floors, 39 apartments - Barnes Hospital | Cheadle | Restoration & New Apartments - City Zone | Tariff St, Ian Simpson Architects | 91 apartments, 11 floors - MBS Redevelopment | New 20fl Crowne Plaza Hotel | West Booth St - Hulme | One Manchester | Leaf Street, Hulme | 100 new apartments - City Suites/16 Chapel St | 17 stories, 263 apartments, £3m - Salford | Bridgewater Gate | Woden St, Ordsall | 53 apartments, 8 floors - City Zone | Corn Exchange | Boutique Hotel | 114 rooms - Hulme | One Manchester | Royce Road, Hulme | 66 two-bedroom apartments - City Zone | Redevelopment of UoM Precinct and Public Realm - South Manchester | Plots H3 & H6 Airport City | Offices & Hotel - Bank House Refurb and Reclad | Portland Street, “Neo”, 52,000sqft - - City Zone | Westminster House Portland St | External refurbishment - City Zone | New Islington Free School | New Islington - Salford | New Bailey Office Block | 125,000sqft | 7 fl, £10m - Salford Quays | X1 MediaCity Phase 2 apartments | 275 apartments - Manchester Science Park, Hulme | Redevelopment Masterplan, £60m - Salford | TRANSPORT | Ordsall Chord | Piccadilly-Victoria Direct X1 have now started construction on two of their 26-storey towers at MediaCity in Salford. - Deansgate South, 53 apartments, 14 floors | Ombler Iwanowski Architects Blue | Approved projects - Cutting Room Sq/Hood St, Manchester Life | 30 apartments | 9 floors - City Zone | Bracken House, Charles Street Conversion | 113 apartments - Salford | Trinity | Blackfriars St | 17 + 13 floors, 380 apartments
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