Select Property Group (Select) has secured planning permission for 506 residential apartments in a prime city centre location next to the Lowry Hotel on the banks of the River Irwell.
The two buildings, Riverside and Riverview, will operate under Select’s Affinity Living brand which is designed to cater for Generation Y; a group of people who choose to rent in the city centre and are instinctively sociable and collaborative.
Reflecting this, the buildings have been designed to feature a range of both indoor and outdoor social spaces and facilities, including large shared lounge areas which will be open to the public, private dining rooms, co-working spaces and a gym.
Alongside a mix of studios, one and two-bedroom apartments, level 35 of Riverview will also feature a roof garden, media room and private entertainment space with views over the city.
Located on New Bailey Street next to the riverside footpath that links Spinningfields to Blackfriars Street, the 35 storey building, Affinity Living Riverview, will house 318 apartments, while the 17 storey building, Affinity Living Riverside, will comprise of 188 apartments.
Speaking about the approval, Mark Stott, CEO of Select Property Group, said:
“Affinity Living Riverside and Riverview promises to bring something exceptional to a generation of professional young renters in a highly sought after area of the city. We are delighted to have been granted planning permission and look forward to starting work on the site.”
Today’s decision marks the third planning approval given for Select’s Affinity Living residential brand, after approval was granted for 677 apartments at Circle Square last month, a joint venture project with Bruntwood, and for 684 apartments at Embankment West in May.
Niall Alcock, Assistant Director at Deloitte Real Estate, commented: “The proposals will deliver significant new high quality residential accommodation from a proven developer and operator and play a key role in securing the long term success of the region.
“This will be the third Affinity Living to be granted planning permission in the Regional Centre over the past two months. Having advised Select on all three schemes, it is exciting to reach another key milestone in bringing this new build-to-rent residential product to the market.”
Headquartered in Alderley Edge, Select Property Group is a global developer, retailer and operator of market-leading property investment brands. It was recently named top North West Company and top property company to work for in the Sunday Times Best Small Companies List 2016.
The architects working on the scheme are Denton Corker Marshall. Enabling works are expected to begin in October with Affinity Living, Riverside scheduled for completion end of Q1 of 2018 and Riverview in Q4 of 2019.