Neptune Developments hopes to be on site with the redevelopment of a large part of Lime Street in Liverpool in the final quarter of this year, it said after winning planning approval.
Commenting on the decision by Liverpool City Council to approve plans for the redevelopment of the Eastern terrace of Lime Street, Neptune Developments managing director Steve Parry said: “We are delighted that the scheme has been approved because this is a development that needs to happen. The delay has given us the opportunity to get this design right and fine- tune a development that will kick-start the wider regeneration of the Lime Street area. That process now needs to begin.”
Regeneration Liverpool, a joint venture between Sigma Inpartnership, the council, and developer Neptune, submitted plans earlier this year, but these were revised after criticism from residents. The application relates to the majority of the block bounded by Lime Street, Skelhorne Street, Copperas Hill and Bolton Street.
The revised proposal designed by Broadway Malyan, with IBI Group as planning agent, includes 30,000 sq ft of commercial space, a 101-bedroom hotel, and an 11-storey 412-bedroom student residential building.
The resubmitted plans propose the same scale of demolition outlined in the earlier application, including the replacement of the Futurist cinema. The grade two-listed ABC Cinema on Lime Street would be retained.