Plans for a pivotal element of the wider £2.5 billion Crescent Salford masterplan have been approved.
Plans to bring forward the Crescent Innovation scheme have received the green light from Crescent partnership comprising: a joint venture between Homes England, Legal & General, and Muse (ECF) as well as Salford City Council, and the University of Salford.
The scheme, part of the 252-acre Crescent Salford masterplan, comprises:
- 933 new homes
- 1.7 million sq ft of new commercial innovation
- Academic and research floorspace
- Active ground-floor space
- A new movement hub
- Significant improvements to public spaces
The project aims to create a high-quality innovation ecosystem around the University of Salford and drive further economic growth in the city and wider region.
It will span 29 acres and will be linked to the wider masterplan by Salford Rise, a near five-acre podium, which will act as a key gateway between the University of Salford’s campus and the wider innovation zone.
Crescent Innovation forms one aspect of the Crescent masterplan, which aims to deliver more than 3,000 homes, 1 million sq ft of offices, retail, leisure, a new multi-model transport hub, and vast areas of green space.
Earlier this month, ECF entered into an agreement with Wolverhampton City Council to deliver the City Centre West, the largest regeneration scheme in the city.
Salford City mayor, Paul Dennett, said: “we are pushing ahead with our vision to create world-class research and development facilities that local people and businesses can benefit from.
“The Crescent Innovation proposals are a key element of the wider vision for the Crescent area and will change the face of the area through the creation of a high-quality innovation environment, where people can achieve their full potential.”
Vice-chancellor of the University of Salford, Professor Nic Beech, said: “This is a major milestone in our shared mission to transform Salford into a global hub for innovation and groundbreaking research.”
Max Bentham, development director, said: “The city has always been a pioneer of industry, and the creation of Crescent Innovation will equip Salford – and the wider region – with the facilities and opportunities to make an impact on the world stage, as well as driving growth and prosperity.”
Was this interesting? Try Canary Wharf unveils plans to transform HSBC Tower
If you have a tip or story idea that fits with our publication, please contact miles@wavenews.co.uk
Get industry news in 5 minutes!
A daily email that makes industry news enjoyable. It’s completely free.
