The partnership behind the Residence development in Liverpool’s Water Street has submitted plans to add an additional two storeys to the scheme.
The Residence is being developed by a joint venture between long-term business associates Craig Blackwell of Prospect Capital and Martin Willcocks of Willcocks & Willcocks. The JV is also behind the proposed Ovatus residential scheme in Old Hall Street.
Ninety six apartments were approved last year for the site at 8 Water Street, an empty 73,000 sq ft office block between Martins Bank and Oriel Chambes and work is under way. The fresh proposal will take the total number of apartments in the scheme to 118 and the building’s height to seven storeys.
Plans for the 1970s building, which formerly housed Aviva and was sold for £3.7m by Columbia Threadneedle in 2016, include a complete overhaul of the building’s façade, the installation of feature lighting throughout and a roof terrace. Works are ahead of schedule on lower floors, the JV said, with completion expected in December.
Craig Blackwell said: “The work on the site for the current 96 apartments is all ahead of schedule and will retain the unique porthole styling in line with the architect’s original contemporary and minimalist vision. This building sits in the heart of one of the great streets in the business district, with views of the world famous waterfront.
“We now plan to add a roof terrace so residents can enjoy a fantastic space with breathtaking views of the World Heritage site. Due to demand we have gone into planning for an additional 22 apartments.”
The apartments currently range from studios to two-bedrooms with Ascot Property Investments acting as master agent for off plan sales.
Both development partners have recently moved their companies into remaining commercial space at the building, along with Ascot and others.