Urbanize Homes has secured planning consent for Stockport’s tallest building.
The development, which will be called The Place and is expected to be valued at £30m, will be mixed-use and feature 164 buy-to-let apartments across 14 storeys, with retail space on the ground floor currently earmarked for a coffee shop.
CPUK has been awarded the building contract with Cushman & Wakefield and Julian Wadden appointed as joint selling agents.
Sal Arya, managing director of Urbanize Homes, said: ‘Demand for quality new homes within Greater Manchester has been consistently strong in recent years and we are delighted to have secured planning consent for The Place, without question an immensely positive stride forward for Stockport and the future of the town.
Julian Cotton, associate in Cushman & Wakefield’s new homes, added: ‘In recent years, Stockport has experienced significant redevelopment and investment into a range of projects that deliver jobs within the local community, improvements to local infrastructure, new homes and a significant boost to the local economy.
‘The multi-phased regeneration of the town centre has been of fundamental importance upon the growth in the desirability of Stockport as a place to both live and work, a platform that has had a transformative effect upon town centre living.’
House price growth in Stockport has been higher than the Greater Manchester average, with 6.9% growth against 5.3% respectively, the average house price in Stockport is 33% higher than the Greater Manchester average.
Building work is due to stary in April 2019.