Consortium picks up Liverpool’s The Rise
Developers Nexus Residential and Legacie Developments will invest £40m to complete the scheme after acquiring the site for an undisclosed sum following the collapse of the project’s previous developer, Primesite, in 2019.
The joint venture has revealed plans to complete the development, on the corner of Low Hill Street and West Derby Street close to Liverpool’s Knowledge Quarter, delivering 450 studio, one- and two-bedroom apartments in the third quarter of 2022.
Legacie Projects, Legacie’s construction arm, will start on site in April.
Legacie and Nexus have renamed the development Element the Quarter and claim it will be “the first major eco-residential development in Liverpool”.
Under refreshed proposals drawn up by architect Falconer Chester Hall, the development will feature low-carbon smart technologies including energy-efficient LED lighting, shower save system, mechanical ventilation heat recovery, a rainwater recycling system, and solar panels.
Julian Ramsden, director at Nexus Residential, said: “Together, Nexus and Legacie have successfully delivered on a number of other projects and are confident of delivering a quality residential development here that the entire city can be proud of.”
The project was originally designed by architect Brock Carmichael and featured 146 student flats and 286 apartments.
Create Construction was appointed to build the scheme but was replaced in January 2019 by CPUK before work halted due to the collapse of Primesite later that year.
Earlier this year, CPUK appointed administrators, citing delays on The Rise as a contributing factor to its demise. At the time of Primsite’s collapse, CPUK had carried out around £7m worth of work on the scheme, according to a report from the contractor’s administrator Duff & Phelps.
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Positive news this , the site will be a striking presence at the junction of Everton Road and West Derby Road.
Legacie doing well with their projects and getting a lot of admirers , would love them to come up with a 50 floor tower in Liverpool in the near future.
By Anonymous
Brilliant news. With all the scandal surrounding the mayor and the other developments in the city, it’s nice to see work still ongoing. Thank you
By David
Good to see this restarted and if the “new” renders are true, they add a little bit more character to the frontage rather than the revised bland wall of the previous plans. I would have liked to seen a slightly taller section or crown in the middle part to add to the overall impression this will make when approaching from town up Islington, that would have enhanced the development in my humble opinion. Good news nevertheless.
By Liverpolitis
Oh dear, this really isn’t very good at all. I was hoping for so much more. It looks plonked into its surroundings. After all of the bad headlines Liverpool has been getting recently, I hope this isn’t the standard the city is having to settle for going forward and at least some developers with vision might still invest.
By AigburthManc
Great news
By Anonymous
This isn’t bad at all for this location. At one time this would have been considered well out of town, but with Paddington Village across the way, and Everton on the up, this area is now quite central. Yes… a crown on the top would have been nice… but well done Nexus and Legacie… it gives a sense of arrival at West Derby Road.
By Red Squirrel
Here’s hoping that after the disastrous headlines Liverpool City council has been getting around the world recently that people will continue to invest here. I’ll take this as a start!
By L8romance
Liverpool’s potential speaks for itself in spite of some of our leaders. I think 2021 will be the year of new beginnings for Liverpool. We were seen as ‘London in miniature’ more than 300 years ago (Daniel Defoe) and our city’s beautiful location, architecture, parks and beaches will sell themselves in a post-Covid world. But, yes, let’s improve leadership right at the top. Give more power to our metro mayor to lead the whole city into its new future.
By Liverpolitan
This is not what any of us hoped for but if this is the best they can do for now we’ll have to take it.
By Realist