The mixed-use scheme will be predominantly shops, restaurants and bars but will also include 150 new homes. The scheme also has consent for grade A offices.
Nikal Developments was granted outline planning permission for the 4.5-acre Altair site in January 2014.
Construction follows on from completion of Altrincham’s new £19m tram, train and bus Transport Interchange, which will be connected to the new development by a new public walkway.
Eric Wright Construction is expected to start site preparation works this month and move on to the first phase of construction proper as and when full planning permission is granted, which is expected in spring 2016.
Phase one involves construction of a block of 59 flats opposite the town’s Tesco supermarket.
Nikal managing director Nick Payne said: “Eric Wright Construction has recently proved its capabilities on the smooth delivery of a high calibre mixed-use scheme in Hale Barns, just a few miles from Altrincham town centre. The firm’s portfolio is excellent, as is its reputation for delivering complex schemes efficiently, safely and with minimum inconvenience to the community surrounding a site. We are confident the company is best placed to help us realise our vision for Altair.”
Eric Wright Construction managing director John Wilson added: “Altair will completely transform a prime town-centre plot and further strengthen its capabilities to generate significant inward investment. Altrincham is a hot spot for suburban living and has proven to be a popular commuter belt for city centre workers. We look forward to getting our teeth into the scheme and delivering a stunning contemporary end result that meets current and future needs.”