Legacie Developments is bringing forward the scheme, located just outside Liverpool city centre. It will include 500 apartments across four blocks as well as a public plaza including a restaurant and boutique shops which will open up the area between Parliament Street and the Baltic area.
The developer says the scheme, which has had huge interest from domestic and international property investors, will bring high-spec “Manhattan style” apartments to the city. The main residential block will also contain a swimming pool, spa and state-of-the-art gymnasium.
Local councillors and community leaders in Baltic Triangle had originally objected to the project but eventually gave it their blessing following discussions with Legacie.
Construction staff started work on the next phase this week which includes specialist piling work to prepare the ground for the steel structures. Legacie managing director John Morley, said: “We have made good progress and we’re now moving into the next phase by preparing the ground for the steel structures.
“Parliament Square is a flagship development which will help transform a key part of the city and provide a significant boost to the local economy. These apartments are being compared to similar schemes in Manhattan which offer the same sort of quality apartment living.”
Parliament Square has helped created more than 150 contraction jobs including the appointment of 10 new apprentices by Legacie Developments. Work is expected to be completed by summer 2021. Prices for the apartments start at £94,000 with the penthouse, which includes a cinema room, being given a £1.5m price tag.
Mayor Anderson said: “This is a solid development that is not only creating jobs but provides a quality residential offer. It will have a positive impact on the city’s economy. It will compliment the Baltic Area and will help transform the area around Parliament Street.”