Developer and contractor Legacie is set to start on its £90m Parliament Square project in Liverpool’s Baltic Triangle early next year, with around 40% of the project already sold to foreign buyers.
Legacie secured planning permission for the project in September this year and is aiming to deliver 505 apartments along with 12 retail and leisure units totalling more than 20,000 sq ft on the site on Parliament Street and Greenland Street.
Designed by Falconer Chester Hall, the project will see the construction of four blocks ranging between eight and 18 storeys in height, linked by a communal courtyard and public realm. Accommodation is split between studio, one, two, and three-bed apartments.
The site is in two parts with one area currently occupied by a warehouse and an enclosed yard, while the second is vacant. Both are considered brownfield having been previously developed.
Legacie will develop the project using its in-house contractor Legacie Developments and is aiming to have the scheme ready to hand over by the last quarter of 2020.
John Morley, the developer’s founder, said: “There’s been some negativity surrounding development schemes in Liverpool recently, yet despite this, the city remains an exciting prospect for foreign purchasers. There are various schemes being built in the city due to its high rental demand and returns, with Legacie at the forefront of the regeneration.
“Parliament Square has attracted interest from an array of international buyers who are all keen to be part of the redevelopment of an up-and-coming area of Liverpool and the evolving story that is the Baltic Triangle.”
Legacie Developments’ other schemes in Liverpool city centre include Reliance House on Water Street and Ropemaker Place on Renshaw Street. The developer has also carried out a restoration of shops on Dale Street opposite the former Municipal Buildings.