Two new towers will be built by Salboy’s construction partner Domis with work set to start on site this year.
A 76-storey tower will house a 160-bedroom hotel, restaurant and 452 branded residences, delivered in partnership with luxury lifestyle brand Nobu Hospitality.
A second tower on Bridgewater Street will be 23-storeys tall containing 133 new apartments aimed at the affordable homes market.
Simon Ismail, Managing Director of Salboy, said: “We are delighted with the Council’s decision to approve our plans to complete the Viadux masterplan.
“Viadux promises to deliver a neighbourhood of high-quality, design-led homes that meet Manchester’s substantial need for accommodation at a range of price points and tenure types, while bringing to the Manchester cityscape a truly crowning feature.
“Once completed, the Viadux scheme will have entirely regenerated an 80,000 sq ft brownfield site, in easy walking distance of all of Manchester’s central business, retail and leisure districts, and added almost 1,000 brand new homes to a coveted and popular location for the city’s professional population.
“As the location of not just the tallest tower outside London but a large number of high quality affordable homes, Viadux has the potential to become a symbol of this city’s aspirations and confidence in itself.
“Viadux now promises to shape not only Manchester’s skyline for years to come, but the city’s sense of identity on the global stage.”
The full Viadux scheme has been designed by Manchester-born architects, SimpsonHaugh.
Ian Simpson, Co-Founder, SimpsonHaugh said: “Viadux’s phased development has required vision, a pioneering approach, and innovation to bring life back to an urban area in Manchester City Centre on a challenging site that incorporates the restoration of a Grade II listed brick viaduct.
“Viadux Phase 2 will see the development of a beautiful and elegant mixed-use building that will define the Manchester skyline, providing high-quality private and affordable homes and an amazing world-class hotel.”