FEC has reached a major milestone, completing the build of more than 500 homes across its Manchester city centre developments.
The £200m MeadowSide scheme, overlooking Angel Meadow Park near Red Bank, has now achieved 422 build completions across the 21-storey Gate and 16-storey Stile apartment buildings, and Mount Yard which completed in 2021. Meanwhile, 80 units have also now completed at Addington Street’s New Cross Central.
Sales are well underway at the schemes, attracting a mix of buyers across the three-bed townhouse and one, two and three-bed apartment offering, with limited homes now remaining.
Hitting the milestone takes FEC’s total gross development value (GDV) for the completed properties at MeadowSide and New Cross Central to almost £160m, representing a major economic benefit to the wider city.
The completions at Mount Yard and Gate and Stile marks the latest success for MeadowSide, which represents FEC’s first scheme in Manchester. The MeadowSide community is also set to grow further when its final building, The Peak, is developed. The development is expected to become one of Manchester’s tallest buildings, offering more than 300 homes.
FEC is also set to create 634 new homes as part of its Victoria Riverside development, set next to the River Irk, including one, two and three-bedroom apartments as well as townhouses and maisonettes. Victoria Riverside is one of the first developments being brought forward by FEC as part of Victoria North – a new residential district that will create 15,000 new homes over the next decade.
The growing communities are already benefitting from FEC’s plans to put unsung parts of Manchester city centre to better use under its FOUND brand, including the recently launched MeadowSide Markets on Aspin Lane. Under FOUND, the developer is working with a range of partners to create a programme of immersive events and unique experiences across the 155 hectares of land that will become Victoria North.
Most recently, local artisan bakery, Half Dozen Other, signed a 10-year lease with FEC to open it’s first customer facing store in Manchester’s emerging Red Bank neighbourhood, joining a growing community of much-loved, local vendors including renowned spatzle restaurant The Sparrows, Foundation Coffee House and Green Arches Brewery and Bar.
The brand-new Homes by FEC marketing suite opened its doors on Aspin Lane just last week where visitors can learn more about the FOUND brand and get a first look at upcoming developments.
Visitors will also be able to enquire about the last remaining homes at existing developments, with a limited number of homes still available across MeadowSide’s Gate and Stile and New Cross Central.
Andrew Bradley-Nixon, Sales and Marketing Director at FEC, said: “It’s always exciting to reach big milestones like this one and it’s great to see so many new residents already benefitting from FEC’s hallmark of quality and community.
“The high level of take-up we’ve seen across the developments to date, underlines the strong market appetite for green and community-focused city living which will only grow as we further apply the concept across Victoria North, expanding and improving existing neighbourhoods while developing diverse new ones.”