Press Release Summary: As it was the first city in the UK - and in fact the world - to go through an industrial revolution and become a modern city, it is perhaps only right that Manchester is one of the British metropolises leading the way in inner-city regeneration.
Press Release Body: As it was the first city in the UK - and in fact the world - to go through an industrial revolution and become a modern city, it is perhaps only right that Manchester is one of the British metropolises leading the way in inner-city regeneration.
According to a report in the telegraph, property investors are flocking to the city as fast as property developers in Manchester can provide something for them. Old warehouses and mills are being snapped up all over the place and new skyscrapers are planned for key locations in the city centre.
One area of the inner city that is having millions of pounds pumped into it is Ancoats. Once the very centre of Manchester\'s industrial heart, the district suffered from the decline of heavy industry and became a byword for urban problems in the 1970s and 80s.
The Cardroom estate - apparently the inspiration for much of Channel 4 drama Shameless - was particularly problematical for many years, contributing to low occupation in recent times.
After Manchester city council gave permission for it to be demolished and redeveloped, the newly-named New Islington Millennium Community seems to have a bright future.
The £250million development has already received an award from the Commission for Architecture and the Built Environment, which said it had \"some of the best streets in Britain,\" according to the Telegraph.
Among the developments that have attracted much interest in the locality are the former Ancoats Hospital Dispensary - a listed building - and apartments in a building named Chips (after its resemblance to a pile of chips) has reportedly almost sold out.
On the other side of the city, a \" landmark project to create Europe\'s tallest residential skyscraper has moved a step closer\" according to the Manchester Evening News. The £220 million development has seen Ballymore Developments come on board with original developers Inacity and construction work is now slated to begin in January.
Inacity chairman Wayne Mellor told the newspaper he is \"extremely pleased with our new joint venture partner\" and \"very confident Ballymore will be able to deliver this scheme\". He described the development as essential to plans for Piccadilly to become \"the downtown of Manchester\".
Once completed, the tower will have 58 floors and house more than 4oo apartments, a 220-bed hotel and provide car parking for more than 700 vehicles.
2025
