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New Salford Masterplan Revealed

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

A masterplan is being created to establish a new city district area on 244 acres in Salford.

The area is being billed as an £800 million investment opportunity, which will transform the historic area of The Crescent.

The vision, based in and around the University of Salford campus could include hundreds of new student accommodation flats, along with 2,500 new apartments and houses, a new school, thousands of car parking spaces, public spaces, a hotel and shops.

The aim is to turn the location into a cultural destination over the next two decades through a more diverse offering.

Land involved in the proposed development is currently owned by both the University and the council. Under the plans the University's Maxwell building will be retained as an events venue but made available for more public use.

Six heritage buildings will also be preserved but possibly used in other ways.

Helen Marshall, Vice Chancellor of the University of Salford, said: "These exciting plans for The Crescent represent the next step of a journey that started with the construction of the first of our university buildings - the Peel Building - in 1896."

"Working in partnership with the council and 5plus Architects, we have developed this masterplan to ensure that our campus is fit for purpose for the next 20 years, providing a great experience for our students and investing heavily in the future of the City of Salford."

"The new facilities that are part of the package of redevelopment will enable us to carry out the industry-led teaching and research that is key to our strategic aims of preparing our graduates for the modern world of work and delivering economic growth for Salford, Greater Manchester and beyond."

The masterplan will be showcased at MIPIM, the international property conference taking place in Cannes in an attempt to attract investors.