Goodman Wells has been granted planning permission to convert the 19th Century Princes Building in Liverpool’s Dale Street into 35 apartments and ground floor retail space.
Work on site follows the relocation of a rehearsal space for local musicians out of the building.
All of the apartments within Princes Building have already sold off-plan. Goodman Wells will shortly submit a planning application for the second phase of the £8m scheme, which will see the refurbishment of the adjacent Cheapside Warehouse to create six loft-style duplex apartments.
The developer is also looking for independent creative entrepreneurs to operate an original restaurant or coffee shop on the ground floor of Princes Building.
Paul Burgess, managing director of Goodman Wells, said: “This is a labour of love for us and we want to ensure that we deliver a development that respects the building’s specific character and has an overall identity and integrity. It’s therefore important that any retail and leisure element is complementary and helps define a building with its own personality and sense of place.
“There is a great deal of residential development being delivered in the city centre at the moment, but we’re looking to deliver something that’s distinctive and desirable.”
The project is the latest in a series of projects by Goodman Wells which have involved the refurbishment of heritage and historic buildings including schemes in Liverpool’s Sefton Park and Birkenhead’s Hamilton Square.