Wirral Council has acquired derelict land at the New Ferry explosion site and is close to appointing a preferred developer.
The land at 41-43 Bebington Road was bought from a private landowner, funded by money from a £1.3m pot set aside by the council for purchases of land within the explosion zone.
It is understood that the acquisition of the land was negotiated with the landowner and was not a compulsory purchase.
The site would be one of three sites for residential and mixed-use development, which could deliver around 100 homes, as outlined in a New Ferry regeneration proposal drawn up by the council, Homes England and BDP.
The document details the three development areas as the Woodhead Street car park and New Chester Road, Bebington Road, and Boundary Road. The council already owns the car park.
A spokesperson for the council said: “We are looking at redeveloping and the regeneration strategy would enable a number of retail and residential projects.”
The spokesperson went on to say that the appointment of a developer could happen in the “next few weeks”.
The explosion in March 2017 destroyed six businesses and left almost 90 people homeless. Little has been done since to regenerate the area since.
Pascal Blasio was sentenced to 20 years in jail in October 2019 after being found guilty of causing the explosion in an attempt to claim insurance.