Shenton Homes, the homebuilding division of Shenton Group (“Shenton”), has completed the purchase of No. 1 Chepstow Street in Manchester City Centre from McDonald’s Restaurants.
The 20,000 sq. ft. space occupies a prominent location at the junction of Chepstow Street, Oxford Street and Portland Street, and currently houses a 24hr McDonald’s.
The building was formerly tenanted by The Picture House cinema, and is the last of the four Edwardian cinemas built at this junction.
Shenton will deliver a sensitive restoration of the historic building, bringing forward a low-rise residential scheme on its three upper floors. The existing façade will be retained, and the McDonald’s restaurant will remain open.
Colin Shenton, Shenton Homes CEO, said: “Although this building isn’t listed and is not in a conservation area, we’re keen that our works on No. 1 Chepstow Street be sensitive, and respectful to its storied history.
“With over 30 years’ experience of creating high-quality, design-led schemes, we’re excited to acquire another prime city centre location for our next residential project. We look forward to revealing more details in due course.”
More details on the scheme are due to be released as consultation with key stakeholders progresses.
Founded in 1989 by Colin Shenton, Shenton Group boasts a diverse portfolio across Greater Manchester which includes hospitality, residential and commercial property ventures.
