A planning application has been submitted for the second phase of a £14 million refurbishment project that will transform Manchester Royal Exchange into a premium leisure and retail destination.
The application for the £2 million second phase of the development includes a shop front design strategy and detailed plans for a major refurbishment of the 19,000 sq ft retail arcade. It also focuses upon cleaning the external façade of the Grade II listed building and the installation of exterior lighting to enhance and illuminate its appearance.
When finished, the new-look Royal Exchange is set to become home to some of Manchester’s best independent retailers, providing them with a prestigious, central location that would usually be out of their reach due to high rents.
Work will commence shortly on the first phase of the project, the £7.8 million refurbishment of the northern offices, which received approval from Manchester City Council in May.
Corstorphine + Wright was appointed to work on the refurbishment by Trinistar Manchester, a joint venture between Starwood Capital and Trinity Investment Management.
Steve Barnett, director at Corstorphine + Wright, said: “This is one of Manchester’s most prestigious developments and we have strived to create a design that respects the historic character and cultural significance of the Royal Exchange, whilst transforming it into a space that is fit for the requirements of modern retail.
“The refurbishment will be of the highest quality, creating a luxurious boutique feel for Manchester shoppers to enjoy. We are thrilled to be part of a project that will help to safeguard this landmark building for the future.”
For a first glimpse of what the new scheme will look like, visit our Pinterest page: