Urban regeneration and property developer U+I has been formally appointed to breathe new life into Manchester’s iconic Mayfield site.
The firm signed legal contracts this week to take on the area’s £850 million development project to create 75,000 sq m of office space, retail and leisure facilities, a 350-bedroom hotel and new homes.
The Mayfield Partnership, which comprises LCR, Manchester City Council and Transport for Greater Manchester, has assigned U+I to the scheme, which is expected to create more than 7,000 jobs for the city over the next decade.
U+I which has a vision to preserve the heritage assets of the 24-acre site while building an urban neighbourhood and gateway around the historic Mayfield Station near Picadilly, which has been derelict for several decades.
Richard Upton, deputy chief executive of the company, says: “The formal appointment of U+I is a historic moment and we are excited and privileged to have been entrusted to deliver this strategically important regeneration project for Manchester.
“We are looking forward to 2017 and listening and learning to the local community and other stakeholders about their aspirations for Mayfield. We have many ideas, but nothing is set in stone, which is why the community engagement exercise is so important to us.
“We want to begin the revival of Mayfield in 2017 and look forward to sharing our plans to open up part of the site for use by the community as soon as we can.”
Sir Richard Leese, leader of Manchester City Council, adds: “This is a key gateway site and we are determined to ensure a world-class scheme which will create thousands of jobs and make a major contribution to the regeneration of the Piccadilly area.
“Together with the Network Rail Northern Hub scheme and planned HS2 station, the Mayfield Quarter will significantly strengthen and enliven this part of the city centre. We welcome the appointment of U+I to deliver this development.”