One New Bailey, the first office development of the landmark New Bailey scheme, has reached practical completion bringing 125,000 sq ft of high quality office space to the banks of the River Irwell adjacent to Spinningfields.
International law firm Freshfields Bruckhaus Deringer will be leasing 80,000 sq ft from the third floor upwards and are scheduled to move in during 2017.
Luxury restaurant and bar Menagerie has taken 6,000 sq ft on the ground floor and is expected to open in August 2016 with bookings being taken from July.
The 200 cover restaurant and bar is promising an experiential dining experience and will serve modern American cuisine, including brunch, lunch, afternoon tea and dinner with an exclusive private dining area.
Phil Mayall, development director for English Cities Fund, said: “New Bailey is fast becoming a central location for business and leisure, bridging the gap between two great cities, and One New Bailey is just the beginning.
“We are creating a vibrant place for a new generation of professionals to live, work and play. The tenants that we already have at One New Bailey demonstrate our commitment to bringing investment and something completely new to Salford.”
Work will now begin on the next phase of development.
New Bailey is a mix of business, leisure and residential developments. Work has also started on 225 new build to rent residential units.
Salford City Mayor Paul Dennett said: “It’s a stunning transformation of former underused land into Salford’s new business district. It has the potential to create thousands of jobs in a wide range of fields as well as new city centre housing both of which are very welcome in our fast growing city.”