Quarter of new Wolstenholme Square flats sold off-plan
Liverpool-based developer Elliot Group is due to appoint a contractor next month to start on site at the £40m redevelopment of Wolstenholme Square, after it claims to have sold 120 of the proposed apartments off-plan.
The approved scheme includes 445 studio and one-bedroom apartments, with a revamped square below and a landscaped passage through to Seel Street lined with restaurants, cafes and workspaces for independent businesses.
Also included in the proposals is a new home for nightclub Cream, plus performance space managed by collaborators from The Kazimier.
According to Elliot Group, buyers include a mix of foreign investors and UK purchasers.
Elliot Lawless, founder of Elliot Group, said: “The scheme’s really captured people’s imagination. Quite a few purchasers mentioned Jorge Pardo’s involvement in the development’s landscape design. He has a massive reputation in the arts world and there’s no doubt he’ll add considerable value to the scheme overall.”
Pardo designed the sculpture ‘Penelope’ in the centre of Wolstenholme Square for the Liverpool Biennial in 2002. Pardo has been retained to refurbish the sculpture and to design new street furniture for the square and the passageway through to Seel Street.
Tender documents are now being drawn up for the construction of the scheme, with a contractor expected to be appointed in early February. Work is anticipated to begin in the spring.
This Ropewalks square should be intimate yet exciting. This is the right way to enhance the attraction of the city as a place to live. Herculaneum Quay on the Waterfront near the Festival Gardens looks like having the same success.
By PAB
Not really what this area needs, hopefully new residents will know that this is a nightlife area and will know what to expect.
By Retep
It won’t be just nightlife for long, already developing intimate bistros and deli’s. It’s also 1 minute from Liverpool One.
By PAB
It’s still the nightlife area, stag and hen parties every weekend. All day binge drinking.is the order of the day round here. Why jeopardise that?.
By Retep
They’ll nearly all be sold to overseas investors, as limited market for owner occupiers for this many flats!
By henners
It will have the best of everything …..Day and night
– The L1 location, retail, culture, etc just minutes walk away
– 8-10 floor developments, not too high, not too low, big enough to regenerate the area with demand for services, to support those retail units
– bistros, nightlife, on the doorstep – fine, that sounds like city centre with fun, with life
– new, clean and in an zone where more similar development has happened, and is happening for the better
– current purchase prices are attainable, later the big waterfront developments will be out of reach for most, creating a great demand for 1st time buyers and investors for this location
….in 3-5 years time this will be one of those “wish i had bought” discussions …..
By JAS
No one wants them. Flats bottomed out in Liverpool. And this many in one area!! Nah
By Dr Jay