The building is part of the second phase of the Crown Street development area at the southern end of Deansgate in the city centre, behind the Deansgate Square skyscraper cluster.

The planning application was submitted to Manchester City Council in April 2020 for two adjacent towers, The Cylinder (subsequently renamed Three60) and The Blade,[4] to form the second phase of developer Renaker's Crown Street development, consisting of a combined total of 855 apartments across 950,000 sq ft (88,000 m2) of residential space.

[5] The towers are to be connected at the lower levels by a podium containing 5,200 sq ft (480 m2) of commercial space.

[8] In March 2022, the Greater Manchester Combined Authority approved a £62.3 million loan to Renaker for the development project.

[12] The site of the two towers covers 2.7 acres (1.1 ha) and is next to Chester Road roundabout and the Mancunian Way.