Clive Perrin is facing redundancy from Dutch owned BAM Properties after the company said it expected little further property development in the North west.
A statement said: “BAM Properties confirms that Clive Perrin, development director in its North west office, is in the consultation process as we discuss a proposal that he leave the company shortly.
“In the current climate, there are fewer opportunities for speculative developments in the short to medium term in the North west region, and so it is with great regret that a proposal has been made that his post be made redundant.
“There are no plans, at present, for further reductions in staffing.”
The redundancy proposal reportedly follows the collapse of plans by BAM to develop two Manchester city centre sites.
Mr Perrin, who declined to comment on the redundancy, has been at the centre of Manchester property development for 20 years.