Market Leads & Opportunities
Refinements submitted for St Michaels scheme
Design refinements to the £200m St Michael’s scheme have been submitted.Located in close proximity to Manchester Town Hall and near St Peter’s Metrolink stop, the scheme will comprise an international five-star 191-bedroom hotel and 181 high-end apartments in a 40-storey tower.There would also be more than 163,000 sq ft of office space, 22,722 sq ft of leisure space and a boutique five-star hotel in the former Bootle Street police station, which will retain its frontage.The next stage of the detailed design process has been completed, with Laing O’Rourke – officially confirmed as the new contractor – being an integral part of the process, supporting the design, quality, form and function set out in the planning consent.A number of relatively minor improvements to the original scheme have been identified; these represent design, functional and operational changes.St Michael’s is set to contribute more than £32.7m to public sector finances through the business rates generated by the high quality office, leisure and commercial space. A contribution of £114.7m over ten years to the UK treasury through additional income tax and National Insurance is also expected.It is estimated that St Michael’s will create 1,800 jobs during operation and a further 500 jobs during the construction period.
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