Lendlease has won a deal to deliver Urban & Civic’s Manchester New Square residential development.
The contractor will build 351 homes on the site, which sits on the corner of Princess Street and Whitworth Street in the city centre.
Designed by SimpsonHaugh architects, the high-end apartments will be split across three buildings, ranging between 14 and 11 storeys in height.
Work is due to get under way next month at the site, which was bought by Urban & Civic in 2014.
The building will also include ground-floor commercial and retail space, landscaped public realm, an art gallery and a gym.
Formerly the site of the Palazzo Warehouse buildings, the plot has been vacant for around 10 years, with previous planning permission for an office development granted in 2007.
Works started on site in the same year, but these stalled in 2008 following the financial crisis, with the site lying vacant ever since.
Urban & Civic submitted its revised plans for the new development in late 2016, and these were approved in March this year.
Commenting on Lendlease’s appointment, Urban & Civic property director Philip Leech said: “Like us, Lendlease has a fantastic track record in high-quality, city centre residential development.
“Our senior management team has a long affiliation with the company and together, we very much look forward to delivering the most exclusive new residences the city has seen for at least a decade.
“All of the apartments will be available for sale and our agent JLL is registering significant interest pre-launch from a range of potential buyers, including young professionals, overseas investors, parents with students in the city, buy-to‐let investors and those looking for additional retirement income.”