Manchester City Council approved plans from Kellen Homes and Great Places Housing Association for 498 homes near Etihad Campus.
Euan Kellie Property Solutions submitted the scheme, which will turn the Riverpark Trading Estate site into a mixed-tenure neighbourhood with apartments, houses, green spaces and better links to the area.
The project will deliver 277 apartments in five buildings, plus 221 houses of various sizes.
Plans include car and cycle parking, landscaping, a children’s play area and upgrades to Riverpark Road.
43% of the homes will be affordable, which is more than double the council’s policy.
The rest will be private rented sector housing, offering a range of tenures in the area.
Construction will start early next year, with the first homes to be finished later in 2026.
Mark Waite, planning director at Kellen Homes, said: “We’re pleased to have secured approval for a development that delivers a genuinely balanced mix of homes in an accessible and sustainable location.
“Almost half of the properties will be affordable, which is a significant contribution that responds directly to local needs.
“We look forward to creating a new community that brings long-term benefits for the area.”
