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.