Primesite to create £40m residential ‘landmark’ in Liverpool Knowledge Quarter
Property investor Primesite Developments Ltd has unveiled plans for a new multi-million pound residential project in Liverpool’s £2bn Knowledge Quarter.
The £40m scheme, called The Rise, will occupy a previously derelict site on Low Hill near the Royal Liverpool Hospital, at the Knowledge Quarter’s northern boundary.
Primesite Developments is having the land cleared to make way for a U-shaped building it believes will become a distinct visual landmark for those travelling along on West Derby Road, one of the main approaches to the city centre.
With planning permission already in place, the finished development will comprise a mix of 146 student units and 246 private homes.
The site’s ground floor will house non-residential areas, including co-working space, a laundrette and management offices.
Primesite director Bobbie Johnson 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.”
Bobbie added: “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.”
Last month, Primesite started work on a £26m project to transform a previously disused office complex in Liverpool city centre into Strand Plaza, a residential development of more than 100 new homes.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity