Moda Living and Apache Capital Partners have submitted a planning application to Liverpool City Council for an £80m private rented residential development at Princes Dock.
The development will form part of Peel’s wider £5.5bn regeneration of disused dockland, Liverpool Waters. The application is expected to go to planning committee for a decision later this summer.
The development will be fully funded by Apache Capital. The tower will rise to 34 floors and contain 304 apartments for rent, designed and fitted out to appeal to the top of the rental market.
The building will have a 24-hour managed concierge as well as communal facilities that include a lounge on floor 17, gym, roof terrace, garden, fitness studio and cinema.
Moda agreed a deal with Peel to build a residential tower on the site at the end of 2014.
The architect is Falconer Chester Hall. The marketing material accompanying the planning application describes the building’s inspiration as the “historical relationship of Liverpool with New York and complements the existing local mercantile architecture including the Liver Building, the Cunard Building and the Port of Liverpool Building.”
This is the second asset to be delivered through the Apache Capital and Moda Living JV partnership, following Apache Capital fully funding the JV’s £128m 466-unit Angel Gardens development in NOMA, Manchester. The JV partnership has to date secured a PRS development pipeline comprising approximately 5,000 units located in prime city centre sites across the UK’s major regional cities with an end GDV of £1bn.