Peel Land & Property and Regenda Group have submitted their planning application for the third PRS tower to be proposed at Princes Dock, within Peel’s Liverpool Waters regeneration area.
Designed by Hodder + Partners, the £21m Plaza 1821 will be made up of 105 one- and two-bedroom apartments, alongside ground floor retail or amenity space.
At around 85,000 sq ft, the apartment block will be built by Peel as the company’s first PRS project, and then bought by Regenda and managed by its PRS subsidiary, Redwing Living.
Plaza 1821 is the latest residential scheme planned at Liverpool Waters. Housing association Your Housing Group has submitted an application for a 30-storey tower totalling 276 apartments, designed by Brock Carmichael. The flats will be delivered under the Hive brand, the housing association’s PRS arm. In September, Moda Living was granted planning permission for a 34-storey PRS tower, made up of 304 flats designed by Falconer Chester Hall.
Neil Baumber, Peel Land & Property’s development director for residential, said: “Plaza 1821 is the latest and significant piece in the jigsaw for Peel’s vision at Liverpool Waters, as it will bring much needed quality residential apartments to a vibrant waterfront location.
“Liverpool Waters is an important part of our Strategic Waters strategy and is one of the most dynamic regeneration projects in the City’s history. The proposals for Plaza 1821 will bring us one step closer to achieving our vision to create a world class destination where people can live, work and play.”
Martin Davies, director of development at Regenda, said: “Plaza 1821 is a landmark project for Regenda. It marks our biggest ever investment – made even more special because it’s right here in Liverpool, where we’re proudly based. The vision for Liverpool Waters is truly spectacular, something that will further enhance our city region.
“We recognised this unique opportunity to work with Peel to create a distinctive scheme with a ‘wow factor’ worthy of Liverpool’s waterfront.”