An outline planning application will go in during the first half of next year for the Mayfield Quarter urban regeneration project.
The Mayfield Partnership is a public sector consortium comprising Manchester City Council, Transport for Greater Manchester and LCR.
The redevelopment will deliver a mixed-use community on a 24-acre gateway site adjacent to Piccadilly station that has been derelict for over a decade.
The proposed masterplan for the regeneration includes the construction of over 1,000 homes, a new hotel and 807,000 sq. ft. of offices as well as leisure and retail space, with the potential to create 7,500 jobs.
Matthew Weiner, Chief Executive, U+I said: “We are very proud to be selected as the preferred partner on this unique project, underlining our strengths in mixed-use regeneration and public private partnership projects.
“U+I has built a successful track record working alongside public sector bodies to deliver innovative and award-winning schemes.
“This project underlines our commitment to Manchester and our focus on targeting large scale regeneration opportunities, in line with our strategy.”
Sir Richard Leese, Leader of Manchester City Council, said: “We are delighted to have appointed U+I as our development partner for the Mayfield Quarter.
“It was a challenging decision given the exceptionally high calibre of candidates; however, we were particularly impressed by U+I’s innovative approach.
“The regeneration of this key gateway site, along with the proposed Network Rail Northern hub scheme and the HS2 station will ensure a lasting legacy for Manchester and over time contribute towards fulfilling the Northern Powerhouse growth agenda.
“We are confident that U+I has the expertise and experience to successfully drive this world-class development forward and are now excited to see our vision for Mayfield take shape.”