Plans for the regeneration of a five-acre site next to Liverpool’s Chinatown will go on show this weekend as part of a major public consultation on the future of the area following a deal between North Point, Liverpool City Council and Urban Splash.
The proposed development is being delivered by developer North Point Global, Blok Architecture and PHD1 Construction.
The project along Great George Street could see the construction of 1,000 new homes and 200,000 sq ft of commercial and retail space.
According to North Point, the scheme would include a Chinese-themed retail area as well as live-work spaces providing accommodation for Chinese businesses to set up in the city, with one of the key aims being to grow the resident Chinese population in the area.
In 2007, Urban Splash proposed a mixed-use project, known as Tribeca – the triangle below the cathedral – to contain 740 homes, 80,000 sq ft of offices, hotel and two acres of public realm. Plans for the development stalled during the recession.
Urban Splash has now agreed to surrender its leases and development options on the site in return for payment from the council to be funded by North Point.
North Point is seeking foreign investment for the project, with Government department UK Trade & Investment currently working to broker a deal.
Early-stage plans will go on show at a two-day public exhibition at Studio Two, Parr Street on Sunday 12 July and Monday 13 July from 11am to 8pm.
A planning application for the first phase of the project is due to be submitted before the end of the summer. According to North Point, detailed plans for the subsequent phases and the wider Chinatown area are still being formed.
Peter McInnes, chairman of North Point, said: “We are really excited by this opportunity and the chance to bring long-needed new investment and vitality to Chinatown. We have been in discussion with former owners Urban Splash and Liverpool City Council over several months and now have the opportunity to share our initial vision with local people and businesses. We want to work with the community and local stakeholders to shape the future of what should be one of the city’s greatest assets. This is Europe’s oldest Chinatown, we want to make it the best. ”
North Point Global is the development arm of PHD1 Construction. North Point is currently on site with the £90m mixed-use Pall Mall scheme near Leeds Street in Liverpool, and commercial space for Baltic Creative in Norfolk Street. PHD1 Construction is building the £77m Angelgate apartment project in Dantzic Street, Manchester for Pindelco, another company associated with Peter McInnes.