Sourced draws up £110m resi vision for Liverpool’s Love Lane
Working in joint venture with landowner Network Rail, the developer wants to build 507 apartments in a quartet of residential blocks on four acres of vacant land between the Ten Streets regeneration area and Eldonian Village.
Sourced Development Group and Network Rail have submitted a planning application for the redevelopment of the four sites – three adjoining plots on Love Lane and one further south on Pall Mall – to Liverpool City Council.
Designed by BDP, the quartet of residential blocks will reach between nine and 11 storeys and comprise apartments for market sale. The scheme would feature 147 one-bedroom apartments, 330 with two bedrooms, and 30 with three beds.
The Sourced/Network Rail JV is waiting to hear back from the Sovini Group and Regenda Homes, which have been approached over delivering the scheme’s affordable element.
Redundant railway arches and subterranean tunnels located on two of the plots would be repurposed into more than 10,000 sq ft of commercial space under the proposals. A 200-metre linear park also forms part of the joint venture’s vision for the site.
A planning statement prepared by WSP states that discussions with Liverpool City Council’s planning team have been positive and that the authority is “supportive of the development proposals”.
“The LPA also confirm their support to the massing, scale and general approach to design,” the statement said.
According to a viability appraisal prepared by Tim Claxton Property, the scheme has a net development value of £110m and will cost 101m to build.
To learn more about the scheme, search for application reference 23F/2052 on Liverpool City Council’s planning portal.
The project team includes SK Transport, OFR, Wardell Armstrong, Simply CDM, Steven A Hunt and Associates, and Rachel Hacking Ecology.
The scheme is located in a growing area of Liverpool, close to Peel L&P’s Liverpool Waters and Everton FC’s new stadium at Bramley-Moore Dock. Earlier this year, developer Nextdom won approval for a 435-flat project near Sourced and Network Rail’s Love Lane scheme.