Specialist Urban Regeneration Developer U+I have been formally appointed development partner for the Mayfield site in the centre of Manchester today
The Company was chosen from a shortlist of three strong bidders which also included Urban & Civic and a consortium formed by Carillion, Ask and Patrizia.
The project will deliver, in the words of the developers, a mixed-use community on a 24-acre gateway site adjacent to Piccadilly station that has been derelict for over a decade.
The proposed masterplan for the regeneration includes the construction of over 1,300 homes, a new hotel and 807,000 sq. ft. of offices as well as leisure and retail space, with the potential to create 7,500 jobs.
The site will also be the focus for the proposed new station serving the City’s High Speed Rail Link
Richard Upton, deputy chief executive of U+I said: “The formal appointment of U+I is a historic moment and we are excited and privileged to have been entrusted to deliver this strategically important regeneration project for Manchester.
Sir Richard Leese, Leader of Manchester City Council said: “This is a key gateway site and we are determined to ensure a world-class scheme which will create thousands of jobs and make a major contribution to the regeneration of the Piccadilly area.
“Together with the Network Rail Northern Hub scheme and planned HS2 station, the Mayfield Quarter will significantly strengthen and enliven this part of the city centre. We welcome the appointment of U+I to deliver this development.”
David Joy, chief executive of LCR, said: “We are delighted to have regeneration specialists, U+I on board as our development partner for the Mayfield site. They will lead on the master planning and delivery of the development which is set to create a distinctive new high quality urban neighbourhood and a gateway into Manchester City Centre.
“We look forward to working with U+I and the Mayfield Partners to ensure the success of this exemplary urban regeneration scheme, which will provide long-term benefits – not only for the local area but for Greater Manchester as a whole.”
Cllr Andrew Fender, chair of the Transport for Greater Manchester Committee, added: “This is a transformational scheme that will breathe new life into a historic corner of Manchester, capitalising on excellent transport links and a region in bloom. I am really looking forward to watching the blueprints come to life.”
