Henry Boot Developments and Capital & Centric have drawn up plans for a £175m residential-led scheme on the site of the former Aytoun Street Campus in Manchester city centre.
Plans for the first phase of the 250,000 sq ft project include 400 flats and a pair of hotels comprising at least 150 bedrooms each.
The flats will be built in two towers of up to 15 storeys.
The joint venture partners are considering options for the tenure of the flats, which could include a private rental element.
Office development has been ruled out for the first phase of the scheme to avoid competition with Argent’s nearby Piccadilly Place.
Several listed buildings on the site will be retained and refurbished as part of the project.
Henry Boot and Capital & Centric bought the 2.3-acre site in March this year ahead of rival bidders CTP, Bruntwood, Ask and Landprop.
Also in Manchester, Capital & Centric – in partnership with Carillion – has been shortlisted by the council and Network Rail to build out a 500,000 sq ft development opportunity on Oxford Road.
Bruntwood, Valad, First Step and Muse have also been shortlisted for the site, which houses the Cornerhouse cinema.
