Development #10 – Renaissance Deansgate
About Renaissance Deansgate
The former Renaissance Hotel site is a strategic regeneration priority with the potential to become a major asset to the Deansgate area, and provide a strategic link to the Mediaeval Quarter. In a joint venture, Property Alliance Group and investor Starwood Capital Group plan to redevelop the site into a mixed-use scheme with offices, homes and a new hotel. The development plans will aim to reduce waste and emissions during the construction phase, with the partners committed to help make Manchester a zero-carbon city by 2038:
- Treehouse Hotel – 203 beds
- 40,000 sq. ft. of office space
- 320-bed residential
- Completion expected in 2024
| Construction jobs | 1,600 |
|---|---|
| Apprenticeship training | 40 |
| Number of jobs created | 660 |
| Construction spend/value | £135million |
| Business rates revenue | £1.5million |
| GDV of scheme | £200million |
| Value of direct investment in the city | £150million |
| Supply chain | 85% of supply chain used local firms |
Social value:
- Considerate contractor scheme
- Local employment opportunities
- Sustainability
- Site waste management plan
- Community engagement
- Apprenticeship opportunities