Construction has started on site at the largest apartment development in Salford – X1 MediaCity.
Building is being carried out by Liverpool-based Vermont Construction and the first phase of 275 apartments are due for completion by early 2017.
When finshed the £200 million development on Michigan Avenue in Salford Quays will see over 1,000 apartments, 22,700 sq ft of commercial space and an on-site cinema.
Developers Knight Knox International are behind a number of ongoing Salford developments, including the £75m, 450,000 sq ft Adelphi Wharf off Chapel Street.
Read: £75m Adelphi Wharf plans revealed in Salford
A subsidiary of the firm, KKI Land Ltd, also bought out Salford’s derelict Skills Centre, near Middlewood Locks, for £650,000 in February this year.
Liverpool-based X1 are also behind the buyout of Salford’s former Magistrates Court at Bexley Square and announced to public consternation their plans to knock down part of the crumbling Grade-II listed building.
The developer acquired the building from Salford City Council for around £800,000 in 2012 to build 122 flats and rebrand it as X1 Town Hall Manchester.
X1 MediaCity will be let and managed in its entirety by X1.
Martin Copeland, sales director at Knight Knox, said: “2015 is set to be a very exciting year for Salford, due to significant investment into the city’s regeneration.
“We’re thrilled to be providing the area with such a high quality residential property and valuable investment opportunities, whilst boosting our portfolio with such a significant scheme.”
In 2014, Knight Knox International experienced its most successful year of trading since becoming a limited company in 2004, after launching a total of 13 developments at a value of almost £133 million.
