Pinnacle MC Global's plans for a mixed-use development in Liverpool, including 366 homes, 50,000 sq ft of commercial, retail and leisure units, and an 18-storey tower, have been signed-off.
The scheme, which has been branded North Point, will be spread across a series of refurbished and new buildings on a site to the north of Leeds Street. The residential aspect is a mix of large apartments, smaller flats, town houses, studios and live-work accommodation.
A number of existing buildings at 70-90 Pall Mall will be demolished and replaced by a series of buildings ranging from seven to ten storeys in height. The 18-storey tower will stand at one end of the development with a roof garden and terrace.
The site includes Victorian warehouses frontages which have been incorporated into the scheme.
The development is designed by Blok Architecture. PHD1 Construction is the development partner with Pinnacle.
PHD1 expects to be on site by July 2015 and completion is due in November 2017.
Peter McInnes, chairman of PHD1, said: "This is a hugely exciting project for us and, we believe, for the city. North Point will establish itself as a distinct destination, open up a different kind of urban living and take the expansion of the city centre outwards in a new direction.
"It also adds to our growing portfolio of development projects within the city which add up to some £600m worth of investment."
Pinnacle, PHD1 and Blok are also currently working on the £77m Angelgate project, a 344-apartment scheme on a car park site in Dantzic Street in Manchester, on the edge of the Co-operative Estates NOMA regeneration area. The development is due to complete in 2017.