Plans for a new £40 million residential development in Liverpool’s Knowledge Quarter have been unveiled.
The Rise will be a U-shaped building situated in the Northern boundary, located close to the city’s Royal hospital, of the site that houses the £1 bilion project.
Primesite Developments has purchased the previously derelict site on Low Hill, which is being cleared for a building that will become a visual landmark on one of the main approaches to Liverpool city centre.
Work on the plot of land which was formerly home to a pub and latterly a builder’s yard is expected to be completed by August 2018.
Planning permission is in place for 246 private residential units, alongside 146 student units, a mixture of cluster accommodation and studios.
Bobbie Johnson, director at Primesite, said: “As a local business, this opportunity to have a positive impact on the regeneration of the area is very important to us.
“By creating a new residential building on a previously derelict, eyesore site, we hope to improve housing options for both workers and students.
“The Rise is designed to fit in with its unusual mixture of surroundings – a main junction, housing, an industrial estate, and gardens – to become a landmark that is part of the fabric of Liverpool.”