There will be a further addition to the ever growing skyline of Manchester in the coming years as Downing announces plans for its latest tower at First Street in Manchester.
The development is a co-living concept which comes on the back of other such developments in the North West.
What is co-living? This is a type of development which has emerged from the Build to Rent market. Primarily it was seen in the student accommodation, but this is a move which larger apartments to establish the idea in the mid-market to luxury end of the rental market. There will be more to follow on these particular sectors soon - watch this space! In the main though, co-living's concept is to create a more community based environment for people to live with more shared spaces and communal living ideas, but with a sense of ownership and private spaces. It is seen as the best of both worlds for the modern renter.
This is a flagship development of this concept in Manchester.
The developer is set to submit plans for its 2,204-bed co-living scheme at Manchester’s First Street next month, with a 44-storey tower the centrepiece of the SimpsonHaugh-designed proposals.