The £48m plan comes just weeks after Moda Living’s £82m proposal to build a 34-storey residential tower at Liverpool Waters was approved by city planners. Tony McDonough reports.
Plans for another residential skyscraper at Liverpool Waters has been revealed with Your Housing Group (YHG) looking to build a 30-storey tower in Princes Dock.
The plan comes just weeks after Moda Living’s £82m proposal to build a 34-storey residential tower at the £5.5bn development on the waterfront was approved by city planners.
YHG is looking to create 276 apartments for rent in its £48m scheme and they would be marketed under the organisation’s established Private Rented Sector (PRS) brand, Hive.
PRS is an investment route for institutional funds looking to invest in the residential market.
YHG expects to submit a planning application for the development in early 2017 and begin work later in the year, subject to consent.
It already owns 33,000 homes in the North West, Yorkshire and Midlands and is a key partner in the on-going regeneration of Anfield, North Liverpool, which has seen hundreds of homes refurbished in the last three years.
The proposed 30-storey tower is being designed by Brock Carmichael Architects.
Known as Hive–City Docks, the scheme would offer residents river and city views, 24-hour concierge services, premium restaurant and bistro facilities as well as a range of in-apartment technologies.
Stephen Haigh, executive director at YHG, said: “Hive– City Docks is a hugely exciting and innovative project for us and our Hive brand.
“Following the successful launch of our Hive brand earlier this year, we have completed our first development comprising of 106 homes, all for the build to rent sector.
“Hive-City Docks is our first development in the heart of a city and it shows the versatility of our offer.”
Lindsey Ashworth, development director at Peel, added: “Hive – City Docks represents a major milestone in our vision to create a stunning waterfront for Liverpool which will be a vibrant place to live, work and visit.
“There is now significant momentum behind our plans as investors realise the potential and opportunity which this site offers.”