MCR plots £5m Mason Street mill conversionMCR Property Group
MCR Property Group is looking to convert a Victorian mill in Manchester’s New Cross into luxury apartments after acquiring a site on Mason Street.
The redevelopment of the 19th century, 14,700 sq ft building at 32 Mason Street will be developed under its Regency Residential brand, with Coda as architect.
There will be 13 apartments over five floors, with a mix of one, two, and duplex apartments. The current building is largely vacant and was formerly home to fashionwear shops and manufacturers, and was purchased by MCR on 1 June this year.
Chris Taylor, fund manager of MCR Property Group, said the project would “honour the building’s distinctive red brick mill features” including the building’s original entrance and foyer area, and added the properties would be targeted at “young professionals looking to work and live in the city centre”. MCR described the project as “its first venture in Ancoats”, although the site falls under Manchester City Council’s New Cross development area.
MCR also owns a neighbouring property on Marshall Street which it plans to convert into 14 units.
Other developments nearby include the £17m StayCity aparthotel, designed by SimpsonHaugh, which is being built by contractor Bardsley.
MCR’s development pipeline in the city centre also features the Hotspur Press, which is being brough forward in a joint venture with Blue Dog Property. This features a façade retention of the 56,000 sq ft warehouse with a 28-storey tower built behind, designed by architect Hodder + Partners.