Peel L&P to refresh £5.5bn Liverpool Waters vision
The developer is planning to submit amendments to the 30-year strategy this autumn, acknowledging that the “world has changed” since permission for the scheme was granted in 2013.
Peel L&P is inviting stakeholder feedback to shape what the £5.5bn Liverpool Waters regeneration project will look like going forward as the developer seeks to change the parameters of the masterplan.
“The world has changed, Liverpool has changed, and the way in which we all live, work, and socialise has changed significantly since we first submitted our proposals in 2013,” said Chris Capes, Peel L&P’s development director for Liverpool Waters.
“As the custodians of the Liverpool Waters site, it makes sense to revisit the masterplan and make changes which we know will make Liverpool Waters even better.”
At present, the 30-year planning permission is for the redevelopment of almost 150 acres of former dockland into up to 9,000 homes, 3.3m sq ft of business space, 570,000 sq ft of hotels, 500,000 sq ft of food and beverage space, and up to 4.4m sq ft for parking.
While details have not yet been provided about how the quantum of development could change, Peel has provided information on several proposals it plans to implement going forward.
- The creation of a new heritage space in the Clarence Dock neighbourhood of Liverpool Waters called ‘Dockside’, making the most of existing heritage features and increasing water access
- A diverse mix of homes that provides something for everyone at all stages of life, including affordable housing
- A 2.3km riverside walk from Pier Head to Everton Stadium.
“The updated masterplan is still hugely ambitious in scale, responds to the needs of our local communities and our climate emergency, and maximises the city’s illustrious heritage, Capes said.
The decision to revise the masterplan follows a string of major events, both in the city and further afield, that have changed the way places are developed.
The pandemic has altered living and working habits, which could changed what is required from homes and offices.
Liverpool was stripped of its UNESCO World Heritage status in 2021 and the city council subsequently adopted a new local plan and a tall buildings strategy, all of which must be taken into account, not just by Peel but by developers across the city.
The revised Liverpool Waters masterplan also comes in the wake of approval for a 4.7-acre park within the Central Dock neighbourhood and enabling works that could pave the way for 2,300 homes.
Meanwhile, developments valued just shy of £1bn are currently on site. These include the 31-storey Patagonia Place residential development being delivered by X1, Everton FC’s new stadium, and the Isle of Man Ferry Terminal, which is due to complete this year.
Last month, Peel’s Capes spoke to Place North West about his desire to accelerate development at Liverpool Waters and rebuffed any suggestions that progress to date had been slow.
“I think we’re going to start seeing a considerable amount of activity over the next two or three years,” he said at the time.
“These things don’t happen overnight, they take a long time to deliver. We’ve got a 30-year planning permission and we are 10 years in.”
Peel is holding two in-person sessions to provide more detail on the future of Liverpool Waters and receive feedback on the plans:
- Monday 17 April, 4pm – 7pm – Silvestrian Suites, Silvester Street, Liverpool L5 8SE
- Tuesday 18 April, 4pm – 7pm – Ten Streets Social, 8 Regent Rd, Liverpool, L3 7BX
The plans can also be viewed online.