Planning To Go In For £1bn Manchester Development

Developers expect to submit plans for the initial phase of the £1bn proposed development at Mayfield Manchester this summer.

The first phase of the development will encompass a 90,000 sq ft commercial development together with a new 6.5 acre public park alongside the River Medlock. However, longer term Mayfield could be a whole new mixed use district of 24 acres with 1m sq ft of commercial space, retail, leisure and hotel developments and 1,400 homes.

On the face of it, Mayfield Manchester sounds like ‘just another £1bn development plan’. However, due to its location and size it has considerable implications for the property market here.

The currently under-utilised, post-industrial site sits on the fringe of the city centre right by Piccadilly railway station and the upcoming HS2 station. A short distance away, the University of Manchester is planning to redevelop its campus with a new innovation district, ID Manchester, aimed at attracting tech. business. Combined, the two ambitious developments have scope to create a futuristic ‘city within a city’ in a Manchester which is already undergoing massive redevelopment.

Source Mayfield Manchester
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