The number of new homes needed in the area vastly outweighs the current pipeline of expected new development and this has been a problem for many years. Our vision is to help change that, by delivering a residential scheme which will create new homes for the area, in a mixture of one, two and three-bedrooms.
We propose to deliver this under an innovative system which in the industry is called ‘Build to Rent’. This means that, once completed, new homes will be made available to rent to the general public, as opposed to being sold on the open market. With many people struggling to get on the housing ladder and actively choosing to rent, the proposed scheme will go a long way to meeting that significant demand. The Build to Rent model also means that individual homes will not be sold to speculative landlords. Trafford Place will aim to offer homes at a competitive rent compared to Manchester city centre.
As part of the development, we propose to include other facilities which will benefit the local area, including potentially a convenience store, coffee shop, meeting rooms, community spaces, fitness space and a new gym, all of which would be made available to the general public.
In addition to new homes, research shows that the project would deliver significant local economic benefits, including more than £30m added to the economy during the construction phase and a substantial number of temporary construction jobs.