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<\/a><\/div>\n<\/div>\nIt is understood the developer has struggled with off-plan sales and also finding a hotel operator for the lower part of the main St John’s Place tower.<\/p>\n
Contractor Lendlease is presently on site and will continue with piling and basement excavation for other major elements of the site including the Manchester Goods Yard and tower 1 of the Nickle and Dime twin 36-storey build to rent towers.<\/p>\n
The decision to recast the for sale flats element of the mixed-use scheme is the first wobble in the booming Manchester high-rise flats for sale market.<\/p>\n
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<\/a><\/div>\n<\/div>\nAt the South Village part of the scheme,\u00a0Manchester Quays\u00a0will focus instead on expanding its new TV \/ Film Studio business into the existing complex<\/p>\n
A spokesperson for Manchester Quays,\u00a0said: \u201cSt. John\u2019s is a complex development due to the interaction between sites and the mixed use of the masterplan.<\/p>\n
“There have been a number of development issues around the masterplan as a whole, but also interface issues between uses and sites that together have culminated in an uncertain programme for the some of the residential elements.<\/p>\n
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<\/a><\/p>\nDeveloper goes back to the drawing board on flats for sale element of Manchester’s landmark St John’s scheme<\/p>\n<\/div>\n
“Our priority at this stage of the cycle is to create certainty around our work and build out our plans\u201d.<\/p>\n
He added: \u201cWe remain focussed on the commercial and cultural elements of the plan and, while we believe a residential element is important to our plans, we have prioritised where we have certainty at Manchester Goods Yard, St. John\u2019s Place, ABC, Bonded Warehouse, Old Granada Studios and the Factory. All these elements of the development are on site and progressing quickly\u201d.<\/p>\n
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<\/a><\/p>\nWork on Manchester Goods Yard commercial buildings unaffected by the decision<\/p>\n<\/div>\n
\u201cSt. John\u2019s is an exciting and important development and as we develop, we remain focused on creating certainty and take opportunities to improve the long-term sustainability of our plans.\u201d<\/p>\n
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<\/a><\/div>\n<\/div>\nIn 2018, anchor tenant Booking.com announced it will take 220,000 sq. ft. at Manchester Goods Yard, creating a \u00a3175m tech hub at the heart of St. John\u2019s and generating up to 900 new jobs to add to its existing 1,500.<\/p>\n
Meanwhile, Globe & Simpson, a 9-storey 80,000 sq. ft. commercial building, was recommended for approval at this month\u2019s meeting of Manchester City Council\u2019s Planning Committee. The building is not only set to enhance the Enterprise City offering but will also bring more jobs to the area and support the construction sector.<\/p>\n
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