Nexus, Legacie complete £45m Liverpool resi
Work has wrapped up on the 457-apartment Element – The Quarter project, three years after the developers acquired the stalled site.
Nexus Residential and Legacie Developments have reached practical completion on the development, which has delivered 316 residential and 141 purpose-built student flats on the corner of Low Hill and West Derby Road.
Billed as the city’s first co-living eco-development, the Falconer Chester Hall-designed project features low-carbon technologies, including solar panels, e-car charging points, air-source heat pumps, and a rainwater recycling system.
Legacie and Nexus have also announced that they will plant nearly 50,000 trees in the Amazon rainforest to help negate the environmental impact of the construction industry.
The developers picked up and unveiled fresh plans for the Liverpool site in December 2020 following the collapse of the previous developer Primesite in 2019. Designed by architect Brock Carmichael, the original plans featured 146 student flats and 286 apartments.
Work restarted on the scheme in May 2021, with Legacie Contracts appointed as the main contractor.
Legacie and Nexus secured £11m funding from lender Together last August for the £45m scheme.
John Morley, chief executive of Legacie, said: “The site was an eyesore before we took over and had sat derelict for many years.
“However, it is now an eco-development Liverpool can champion, and underlines our commitment to a sustainable future within the construction and development industry.”
Michael Gledhill, managing director of Nexus Residential, added: “This is another scheme that further demonstrates our commitment to Liverpool’s ongoing regeneration, successfully delivering another landmark development with eco-friendly features at its heart.
“Our partnership with Legacie Developments continues to create new homes and thousands of jobs, as well as bringing in ongoing revenue streams.”
Investment house RWinvest has led the international sales drive on Element – The Quarter.
This is not the first time Legacie and Nexus have worked together in Liverpool. The pair finished work in July to deliver 78 apartments off Lemon Street.
