Salford City Council has approved plans for a landmark residential scheme which will deliver up to 290 new apartments in Salford Quays.
Plans for The Anchorage were submitted by development and investment company Cole Waterhouse following the acquisition of the 20,635 sq ft site from COIF Charities Property Fund earlier this year. The building was home to Barclays until the firm relocated 18 months ago and it will now provide much needed new homes for the city of Salford.
The 29 storey L-shaped building, which is designed by architects Chapman Taylor, will offer 1-bed, 2-bed and 3-bed apartments at the entrance to Salford Quays.
Commenting on the decision to approve the plans Cole Waterhouse CEO Damian Flood said: “The site is in a great location between MediaCityUK, Exchange Quay and Trafford Park so easily within reach of both Salford and Manchester city centres. We are also building 354 apartments less than a mile away at No1 Old Trafford which is now over 60% sold so we know that there is a huge appetite for well-built, quality homes at the right price in this area. We are looking forward to bringing forward the development which will be an important element in the ongoing regeneration of Salford.”
Addressing recent concerns about the height of the building he added: “Planning submissions for all buildings over 90m are reviewed by the airport and The Anchorage development followed the same process. There are many other tall buildings in for planning or under development at a similar height across Manchester and Salford and we will follow the safety guidance as advised by the airport.”
As part of its commitment to the area Cole Waterhouse will pay a total of £1.3m towards local projects, including improvements to Ordsall Park, Monmouth Park, Montford Street Park, and access or infrastructure works at Weaste Cemetery. Funds are also earmarked for improvement works within Salford Quays/Broadway and/or Irwell River Park, while the applicants will also be funding a residents-only parking permit scheme along designated streets north of Broadway.
The delivery team includes Indigo Planning, structural engineers Renaissance, M&E contractors Novo, landscape architects Exterior Architecture and project managers/quantity surveyors Henry Riley. Cole Waterhouse plans to start on site in the new year.
Chapman Taylor director Michael Swiszczowski adds: “This site is in a great location surrounded by local amenities and well connected to the city centre. The Anchorage will provide a distinctive focal point at the entrance to Salford Quays and will be at the centre of a vibrant new residential community.”