- By 1998 it was estimated that 80% of business floor space in Ancoats was vacant.
- In 2000 the government accepted the £250m New Islington Project which was to redevelop a section of area between the Rochdale and Ashton Canal.
- 2003 saw the first major residential development of the MM2 Apartments which was a former ice cream factory. The apartments are Italian inspired and built between Great Ancoats Street and Henry Street and also Jersey Street and Redhill Street.
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