Plaza 1821 will be named after the year Princes Dock was opened - and is set to contain 105 apartments
Developer Peel has revealed plans for another “multi-storey” apartment block at Princes Dock as part of the Liverpool Waters development.
Peel Land and Property (PLP) hopes to start work later this year on the £21m “Plaza 1821” project, subject to planning permission.
Once complete, the tower and its 105 one and two-bedroom apartments will be sold to Liverpool-based housing giant the Regenda Group.
Peel has not yet revealed how tall the tower will be. All the towers are part of Liverpool Waters, Peel’s £5.5bn masterplan to transform Liverpool’s northern docks.
It’s the third tower block plan to be announced for William Jessop Way in recent months.
In September, Moda Living won planning permission for a 34-storey £82m tower, called The Lexington.
And a few weeks later, Your Housing Group (YHG) said it wanted to build a 30-storey tower called The Hive - City Dock next door.
The name Plaza 1821 commemorates Princes Dock’s opening in 1821 on the day of the Prince Regent’s coronation as George IV.
Neil Baumber, PLP’s development director for residential, said: “This is the first Peel private rental sector (PRS) development project where Peel is acting as the developer and it’s a model we will use at some of our other sites across the North of England. In Liverpool we are delighted to be working with such a well-regarded housing provider as Regenda.
“This scheme also represents a major milestone in Peel’s wider vision to create a stunning waterfront for Liverpool following recent similar announcements. There is now significant momentum behind our plans as investors realise the potential and opportunity which this site offers.”
Liverpool headquartered Regenda has a turnover of £63m and has built more than 500 properties over the last three years across Merseyside, Greater Manchester, Lancashire and Cheshire.
Martin Davies, director of development at Regenda, said: “This will be Regenda’s biggest single property investment and a development that reflects our ambitions for the future.
“It’s an exciting and spacious scheme which will be a high quality development in a wonderful setting on the River Mersey. It will be the first of a series of city centre developments and will boost our portfolio of PRS stock, providing high quality homes for rent within the Liverpool Waters development.”