The North West developers Torus are set to redevelop a historic dockside site in Liverpool city centre to bring further affordable housing options to the city.
The Liverpool-based group will invest over £30 million into the area, building 210 new homes as part of its redevelopment of the 0.8-hectare former industrial site on Lightbody Street.
The site is significant to Liverpool’s heritage as it sits next to Stanley Dock and adjacent to the start of the Leeds Liverpool Canal, both part of the Maritime Mercantile City UNESCO World Heritage Site.
The development forms part of Torus’ £1 billion investment in the Liverpool City Region over the next five years.
Chris Bowen, managing director of Torus Developments, said: “As a group, we are committed to working with strategic partners across Liverpool and actively investing in the economic recovery and regeneration of the city post-COVID-19.
“The Stanley Dock complex, alongside which the development is proposed, is integral to Liverpool’s history. The development will make a massive contribution to the ongoing regeneration of Stanley Dock, and the wider Ten Streets area.”
Torus will work with local partners to build 10 three-bedroom townhouses and 200 apartments, comprising a mix of one, two and three-bedroom homes. All the new homes will be made available via Rent to Buy.
Alongside the residential development, the group will also bring forward 720 square metres of new commercial space. This will be split between the ground floor of the new apartment building and the site’s disused railway arches, which will be refurbished for retailers or businesses to use.
Residents and the public will be able to explore and learn more about Liverpool’s maritime history through a new landscaped pedestrian link. This will be incorporated into the development alongside the north edge of the Stanley Flight Canal Locks.
Bowen added: “The brownfield site is in close proximity to some of the City’s most famous maritime landmarks such as Bramley Moore Dock – the location for Everton’s proposed stadium – the Titanic Hotel, as well as Stanley Dock itself and developments such as this are integral to the regeneration of north Liverpool as a whole.
“Torus will ensure that this project will not only reflect the area’s vast history, but will meet the needs of future residents by becoming a modern, safe and most importantly, affordable place to live in an area of the city that has great potential for growth.”
Image: An artist’s depiction of Torus’ redevelopment of the Lightbody Street site in Liverpool. Credit: Torus