Manchester City Council has resolved to grant planning consent to deliver Urban&Civic's important city centre development on the corner of Princess Street and Whitworth Street.

The scheme comprises two residential buildings delivering 238 apartments, a 148-bedroom 4 star hotel, ground floor commercial units and a new landscaped public square over the existing four-level basement car park, which will provide 273 parking spaces.

Nigel Hugill, Executive Chairman of Urban&Civic, said: "We are fully grateful for the support of all concerned. We very much see ourselves as long term investors in Manchester, having built No1 Deansgate and Green Quarter in our previous business. The city is continuing to grow economically and culturally and we are determined to make our own contribution to that process."

Planning consent was originally granted in 2007 but due to a number of factors, including the economy and property market as well as revised designs and uses, it needed new planning permission. The new planning approval reflects our revised scheme which better suits the current market and its aspirations for the site. The GDV is expected to be of the order of £100m.

Work on the initial phase of residential buildings is expected to start slightly ahead of schedule, by mid 2016, with the first new residents moving in approximately 20 months later.