Property investor Knight Knox is set to proceed with plans that will see the building of 580 apartments on the banks of the River Irwell in Salford.
The three-block scheme of 450,000 sq ft development to be known Adelphi Wharf will include an onsite gymnasium and provide underground parking for residents.
Local partner Fortis Developments will deliver the project in three phases with its letting arm managing the blocks.
Director of Fortis, Kieran Moore, said: “Fortis Developments has worked closely with Salford City Council and Urban Vision to ensure that the design and visual impact of Adelphi Wharf complements the area, while incorporating modern architecture along the city’s water front.
“2015 is set to be a very exciting year for Salford, due to significant investment into the city’s regeneration. We’re thrilled to be providing the area with high quality residential property and valuable investment opportunities.
“Adelphi Wharf is an exciting project, which we expect the whole area to benefit from, enhancing the city’s growing reputation and breathing new life into this currently vacant site.”