Embankment Exchange Explained

Embankment Exchange
Former Names:The Residence Irwell Tower
The Residence Greengate Tower
Building Type:Residential skyscraper
Location:Greengate, Salford,
Greater Manchester,
England, United Kingdom
Owner:Legacie Developments
Coordinates:53.4871°N -2.247°W
Start Date:2017
Completion Date:2024
Status:Under construction
Cost:£85 million[1]
Height:North Tower: 107 m (349 ft)
South Tower: 50 m (163 ft)
Floor Count:North Tower: 35
South Tower: 16
Architect:Jeffrey Bell Architects / Falconer Chester Hall

Embankment Exchange is a residential development under construction in the Greengate area of Salford, Greater Manchester, England. It will comprise 300 apartments across two buildings connected by a central podium: the 107 m (349 ft) tall North Tower and 50 m (163 ft) tall South Tower.[2] The buildings were designed by Jeffrey Bell Architects.[3]

Once completed, the North Tower will become the fourth-tallest building in Salford and the joint 17th-tallest building in Greater Manchester with City Tower.

History

Planning

The planning application was submitted to Salford City Council in August 2015,[4] with planning approval obtained in March 2016.[5]

Construction

In 2017, Elliot Group commenced construction of the complex, then called 'The Residence',[2] but progress was delayed the following year when main contractor Forrest went into administration.[6] Work stalled again in 2020 pending the results of a wider fraud investigation,[6] before restarting in February 2022 following the acquisition of the site by Legacie Developments who renamed the development 'Embankment Exchange'.[7] Construction was expected to complete in 2023,[2] but is ongoing as of May 2024.

Facilities

The development will include a spa, gym, residents lounge and bar, work-from-home booths and a 24-hour concierge.[8]

See also

Notes and References

  1. News: Jackson . Nick . 27 October 2022 . Flagship £40m, 300-home tower block boasting spa and gym to soon dominate Salford's skyline . Manchester Evening News . 31 July 2023.
  2. Web site: The Residence . Skyscraper Center . 31 July 2023.
  3. Web site: Legacie secures £40m for long-stalled Salford project . Whelan . Dan . placenorthwest.co.uk . Place North West . 27 October 2022 . 31 July 2023.
  4. Web site: Planning – Application Summary . salford.gov.uk . Salford City Council . 31 July 2023.
  5. Web site: Application No: 17/69573/FUL . salford.gov.uk . Salford City Council . 31 July 2023.
  6. Web site: Work stops on Elliot's £70m Salford tower . Middleton-Pugh . Jessica . 20 February 2020 . placenorthwest.co.uk . Place North West . 31 July 2023.
  7. Web site: Funding deal paves the way for Legacie to restart Salford tower . Whelan . Dan . 4 February 2022 . placenorthwest.co.uk . Place North West . 31 July 2023.
  8. Web site: Developer Strikes Funding Deal for Apartments Tower . Butler . Ben . 28 October 2022 . insidermedia.com . Insider Media . 31 July 2023.