A £9.8 million housing development is getting underway in Liverpool’s historic Baltic Triangle.
Property developer Torus has broken ground on the scheme, which will see the construction of 56 one- and two-bedroom apartments. These are being created for rent to buy.
Torus is working in partnership with Crossfield Construction, a division of Speke-based Crossfield Group, and architects Brock Carmichael to deliver the St James Street project.
It’s expected that 150 jobs will be created as a result of works to regenerate the former brownfield site. Torus expects a further boost to the local economy through the use of local suppliers “wherever possible”.
“St James Street historically housed a number of small terraced properties which were demolished in the mid-20th Century, so we are excited to reinvigorate the area and once again see it as a residential site,” said Chris Bowen, managing director of Torus Development.
“St James Street is in the heart of the Baltic Triangle and the development will put residents at the creative epicentre of Liverpool. This contemporary development is an important step in providing much need affordable housing options in the city centre and as a developer we are passionate about giving people the opportunity to live in locations which may otherwise be unattainable.”
Crossfield Group has a number of projects already underway in the Baltic Triangle, including the Baltic View scheme to create 130 one-, two- and three-bedroom apartments for the private rental market, and a four star hotel on the site of the former Liver Grease Oil & Chemicals building.
“This scheme is part of our ongoing commitment to regenerating the Baltic Triangle as we have a further two developments underway on adjacent plots of land, each of which is seeing derelict and disused sites brought back into use,” said Michael Macaulay, Crossfield Group’s commercial director.
“The fact that our partnership with Torus will lead to 56 affordable new homes is even better as it will help contribute to the continued demand for high quality living space in the city.”