The planned 23-storey tower will be the tallest residential development on the scheme to date, and will feature a six-storey podium with an exclusive rooftop garden terrace.
The 211-apartment project to be built at plot C1 is expected to complete in November 2022.
It will be the first residential development for private sale at New Bailey and follows Morgan Sindall Construction’s appointment to deliver Plot A7, the third residential building in The Slate Yard, which will provide 199 apartments for rent.
As part of its work, Morgan Sindall Construction is delivering a series of programmes designed to improve social, economic and environmental wellbeing within Salford.
At Plot A7, which is due for completion later this year, the social value being delivered is currently calculated at £8m or almost a quarter of the total project value.
Shaun Jones, area director for Morgan Sindall Construction in Manchester, said: “Throughout our work on this project we will continue to create training and employment opportunities for local people while growing our supply chain of businesses within the area, ensuring our work brings about a real boost to the local economy.
“It’s now more important than ever that projects such as this deliver tangible community benefits.”
Leon Guyett, development director at The English Cities Fund, said: “Despite the strange and difficult times that we find ourselves in, we’re extremely pleased to be able to continue development at New Bailey safely and in line with current government guidance, with the appointment of Morgan Sindall Construction on this latest monumental scheme.
“We’re excited to add another building to the ever-expanding Salford skyline, while driving economic and social prosperity in partnership with our supply chain to benefit the whole Salford community. Delivering meaningful and tangible social value is key to bringing forward any successful programme of regeneration, and we’re delighted that we’ll be able to continue this together on plot C1.”
The English Cities Fund is a partnership between Muse Developments, Legal & General and Homes England, which is currently delivering some of the most complex urban regeneration projects across the UK.