Salford-based LPC Living has started work on seven family houses in the upmarket Merseyside suburb famous for its coastal pinewoods and red squirrels.
The £2.2m scheme has been named Cedar Point and is being delivered on a vacant site in Ennerdale Road acquired last year. Foundations were laid for seven houses by a former builder that subsequently went into administration. The plot was vacant for several years until LPC's acquisition.
The development was redesigned for LPC by Southport-based RAL Architects and is being built by CPUK Building. There will be a mix of three-bed and four-bed three-storey townhouses.
Scott Neal, LPC's marketing manager, said: "Our research identified the strong demand for high quality, large family homes in Formby which have parking and easy access to the excellent local schools and the town centre.
"Our homes will complement the surrounding residential area, whilst having their own modern style and striking identity. We believe the redesigned layout of the seven homes will meet the needs of young families and create a better use of family space.
"Having made a name as one of the region's most innovative builders of family housing we're incredibly excited to be working on such a prestigious development."
The first homes are expected to complete by the end of the year. Cedar Point is being marketed by Reeds Rains in Formby with prices starting from £300,000.