The company will act as main contractor to deliver the 10-storey Weavers Quay scheme at a vacant site at Old Mill Street.
Designed by Buttress Architects, features of the Build-to-Rent (BTR) development includes 201 new homes along with a residents' club room, car parking spaces, cycle spaces and 24-hour concierge service.
The scheme is the sixth and final development to commence within Phase One of Manchester Life, which is delivering more than 1,000 homes in Ancoats.
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In addition, the project is Graham's second project with Manchester Life. Further work is taking place at the nearby Murrays' Mills, which involves refurbishing the world's oldest surviving steam-powered cotton mill into 124 homes for sale.
Gary Hughes, Graham Construction regional director, said: "This contract demonstrates GRAHAM's expertise in delivering high-quality large scale residential projects. We've established a strong reputation in the sector and bringing forward this second project with Manchester Life is a testament to that.
"Manchester's private rental sector is thriving, and Ancoats is one of the city's key development areas. We're proud to play a part in creating exciting new neighbourhoods across Manchester that benefit the regional economy, retaining and attracting new residents into the city.
"We will be utilising our extended supply chain network from across the region to deliver the project to predetermined levels of cost, quality, and timescales. We look forward to breaking ground in the next few weeks with completion projected for summer 2019."
(LM)
