Acquired by Capital & Centric, a historic warehouse in Manchester is due to be renovated into new workspaces, as well as turned into headquarters for the company. The developer will be joining Piccadilly East neighbourhood, next to its owner occupier community at Crusader Mill on Chapeltown Street.
As part of the restoration plans, the Manchester warehouse will be transformed into a 20,000 sq ft of stripped back work space for creative industries, with modern spaces that retain the historic charm and original features of the building. The workspaces will be split across four floors of the mill, with the plan to turn the ground floor into a café bar and social hub for businesses and residents from the surrounding community. If everything goes well, the building is expected to greet its first occupiers in 2023.
“We were early investors in the Piccadilly East neighbourhood as we knew it could be something special. Years later, it’s still growing in popularity and we’re plotting our next restoration. Chapeltown Warehouse is the missing piece of the puzzle in that block, a rundown former textile mill in need of a decent future,” said Adam Higgins, Co-Founder at Capital&Centric.
“To be successful, it’s important that new parts of the city aren’t just full of apartments. We’ve already delivered the Jenga hotel and now we want to add the workplaces and ground floor coffee shop to ensure that Piccadilly East is vibrant and active during the day too. Whilst we’ll keep all of the historic features like the cast iron beams and exposed brickwork, of course we also want to give it the trademark Capital&Centric design edge too.”
Also being created is a Capital&Centric HQ at the warehouse, moving its expanding team to the setting. Dating back to the mid-19th century, the building was previously part of Manchester’s booming textile industry. Its restoration will mark Capital & Centric’s next major investment in the Piccadilly East neighbourhood.
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