Amstone Developments has lodged a planning application with Salford city council for 614 private rented sector units in Salford, Greater Manchester.
The company, which bought the former multiplex cinema site at Clippers Quay in July, says it wants to become the “front-runner developer of PRS urban villages in the North West”.
The plans cover five blocks, and include 17,000 sq ft of commercial space. Pending approval, the proposed start date on the project is Q2 2015.
The four-acre site has been inactive for many years since the closure of the cinema that previously stood on the site.
Amstone Developments operations director, Martin Halsey, said: “In this new economic cycle Amstone is focusing towards residential development and we aim to become the front-runner in PRS development in the North West.
“We are well-funded as a group, with access to significant private equity funds. Our Clippers Quay scheme provides us with the launchpad to roll out our PRS urban village concept in other North West locations in the future.”
Deloitte is advising on planning and the architect on the project is Leach Rhodes Walker.
