Plaza 1821 will comprise 16 storeys and 105 one and two-bedroom apartments and is a PRS (Private Rented Sector) development by Peel on behalf of The Regenda Group. Tony McDonough reports
Work on a £21m residential tower has started at Princes Dock in Liverpool – part of Peel Land & Property’s £5.5bn Liverpool Waters project.
Plaza 1821 will comprise 16 storeys and 105 one and two-bedroom apartments and is a PRS (Private Rented Sector) development by Peel on behalf of The Regenda Group.
Construction firm Forrest, has been appointed to build the scheme. Once complete, Plaza 1821 will be owned and managed by Redwing Living, a subsidiary of Regenda.
It will soon be joined by two other residential developments – Your Housing Group’s £55m Hive City Docks and a 34-storey residential tower by Moda Living known as the Lexington, valued at £82m.
The city council is also progressing plans for a permanent cruise liner facility close by and, once built, it is expected this will be followed by other leisure amenities such as a hotel.
Princes Dock is already home to the Crowne Plaza and Malmaison hotels, three office buildings and two residential towers. Further along the Liverpool Waters site Everton FC is planning to build a new stadium at Bramley Moore Dock.
A groundbreaking ceremony has been held to mark the beginning of work on Plaza 1821 and Lindsey Ashworth, development director at Liverpool Waters, said: “2017 was a breakthrough year for Liverpool Waters so it is fitting that the first building work now starts this New Year.
“2018 will be a significant year for the project and Plaza 1821 marks the beginning of an exciting new chapter here and we are looking forward to seeing our vision for Liverpool Waters becoming a reality.”