Plans for the first phase of a development at Middlewood Locks has been unveiled by retail estate Developer, Scarborough Group International, costing £700m.
The 24-acre site received planning permission from City Council in 2015. The project will see the creation of over 2,000 new homes and a massive 750,000 sq ft of commercial space.
The well known Developer is now working on a complete detailed planning application for the first phase of the large scale development, which will see the construction of homes, restaurants, office space and extensive public space.
Phase one will see the construction of 550 new homes for the local people from Salford, Manchester and the surrounding areas. Manchester is now the second largest economy in the UK and many businesses are now choosing Manchester as a city to be part of. The use of Greater Manchester as an area for increased commerce is very exciting.
Scarborough Group International has also just appointed Knight Frank, WHR and LSH as lettings agents for the commercial part of the development and JLL has been appointed on the residential investment side.
This is a huge project for Salford and it has been welcomed with open arms so far. This project will continue to help the ever strengthening economy of Manchester, whilst also creating hundreds of jobs for construction professionals.
Lee Savage, Development Director of Scarborough Group International, said: “Middlewood Locks will be a first-class, mixed-use community in one of the UK’s most exciting new areas.”
“The development is situated in what will be a new business destination for the city, as well as a sought-after residential neighborhood due to its proximity to Manchester city centre, MediaCity UK and the impact of other wider regeneration activities that are taking place in the Salford area.”