Manchester-based developer Capital & Centric is behind the plans to restore one of the city’s oldest Victorian mills, located in Ellesmere Street, Castlefield.
Under a £37m contract, CR Construction (UK) will deliver 190 homes along with public realm and amenity block works against a 105-week programme.
The project will consist of three residential blocks including two mill building refurbishments and a 10-storey new build.
Calum Kidd, managing director of the UK contracting arm, said: “The PCSA process has demonstrated how we can work with clients in a collaborative manner and achieve a positive outcome. The project will hopefully be our first of many working together.
John Moffat, joint managing director at Capital&Centric, said: “We’ve diversified what we do, bringing our approach to creating flagship new neighbourhoods to towns and cities in UK.
“But it’s always a pleasure to get back to where it all started for Capital&Centric, repurposing stunning historic buildings into something really special.
“The re-birth of Talbot will build on what we’ve done at Crusader and Kampus in the city, delivering a genuine community with lush outdoor spaces to boot.”