Caro buys in Baltic Triangle

The Liverpool-based developer has acquired a site on Brassey Street in the city’s creative district, where it plans to bring forward a £25m residential scheme.

Caro Developments, headed up by directors Neil Carlyle and Steve Smith, purchased the 1.7-acre site in the Baltic Triangle for £1.5m out of receivership. 

The site has prior consent for 174 apartments , granted to developer Eloquent Global in 2018. Caro now plans to draw up revised proposals and submit a fresh planning application to Liverpool City Council. 

Architect Studio RBA designed Eloquent’s scheme.

Caro is working with planning consultant Zerum on the project but no architect has been appointed as yet.

Subject to planning approval, the developer anticipates a start on site early next year. 

Smith, Caro’s development director, said: “There’s a great vibe in the area, with Baltic Market and Elevator Studios around the corner. We want to deliver something in line with the artistic and creative feel of the neighbourhood.” 

He added: “We’re drawing together the professional team to help us and the first job is to get a handle on the council’s masterplan for the area. Whatever we deliver has to help take the Baltic Triangle forward.” 

Elsewhere in the city, Caro is delivering its 127-apartment Poet’s Place residential development on Great Homer Street. Completion of the scheme, being built by the main contractor Newry Construction, is expected in May 2021. 

Your Comments

Read our comments policy

Great news

By David

Fantastic news. And great to hear amidst all the doom & gloom. Can we have more of this please PNW.

By Andy O

Classically beautiful… Rome, Venice, Prague, and yes, remaining uniquely Liverpool.

By Liverpool romance

Steady on LR! although we do have some nice buildings Rome and Venice is a bit of a stretch …but I admire your enthusiasm for good news…it’s good to get some now and again!

By Wirralwanderer

Yet more apartments for out of town investors to rip off the locals who need accommodation.. The gov and local council will turn this city backwards to the 80s again.


Related Articles

Sign up to receive the Place Daily Briefing

Join more than 13,000 property professionals and receive your free daily round-up of built environment news direct to your inbox


Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below