Two brownfield sites overlooking the River Irwell are set to be transformed into 500 apartments.
Half of the homes will be for sale and the other 250 will be for private rent.
The developer acquired the sites in December 2019 with funding from Chenavari Investment Managers.
The homes will be spread over two E-shaped blocks and range from one- to three-bedroom units in size.
The rental apartments have been designed specifically for rent and tenants will benefit from on-site professional management.
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Eutopia Homes’ Salford project will have access to a mix of indoor and outdoor communal areas for residents to relax in.
Outdoor space at Eutopia Homes’ Salford project
Future residents will benefit from on-site provision of secure parking, with 142 car, 24 motorcycle, and 544 bike spaces provided.
An £850,000 contribution will be made to improve the bus service to Manchester City Centre.
Scott Hammond, founder and CEO at Eutopia Homes, said: “Coronavirus has caused a huge amount of upheaval and local authorities have been particularly hard hit by the disruption, and so we are grateful to Salford City Council for its flexibility and willingness to embrace new ways of working so we could take this development forward.
“The council has demonstrated a speed of decision making in difficult times which is testament to the desire to attract inward investment.
“The council has demonstrated a speed of decision making in difficult times which is testament to the desire to attract inward investment.
“Our plans will open up the riverside through new pathways and green spaces, while also providing much needed housing that can cater to a broad range of demographics, thanks to the range in apartment sizes and mix of tenures.”
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