Liverpool Property News – Liverpool City Council Planning Department will today make a decision on a proposed ‘affordable’, ‘rent to buy’ Baltic Triangle apartment block in Liverpool.
The developer, Torus 62 wants to construct the Baltic Triangle apartment block on a 0.3-acre plot of land straddling Norfolk Street / Brick Street, within Liverpool’s Baltic Triangle, which was previously occupied by the Liver Grease Oil and Chemicals Company. People familiar with the area will note the nearby street art and landmark, For All Liverpool’s Liver Birds (Wings) by Paul Curtis.
The proposed Baltic Triangle apartment block, Known as The Brickworks, will comprise 93 affordable apartments on the upper floors in a mix of one, two and three-bedrooms and will be offered as rent to buy; with commercial uses on the ground floor.
It is understood that the project includes scope for four ground-floor commercial units and that the development will be ‘car free’.
The “affordable” apartments would be split between 45 one-bed apartments, 45 two-bed apartments, and three three-bed apartments, including 21 wheelchair-accessible units.
About Torus 62
Torus 62 is the trading name, registered charity and parent to the Torus Group which is the North West’s biggest affordable housing provider. The commercial activities of the Torus Group from entities including Housing Maintenance Solutions Ltd and Torus 62 Developments Ltd help generate housing and profits to benefit the charitable aspects and aims of the group so that Torus Foundation can “change lives and unlock social value.”
Whilst the Baltic Triangle regeneration has been considered a tremendous boost to Liverpool, and unlocked a new, previously light industrial zone for housing and tourism, the ‘gentrification’ of the area has drawn many critics over the years who point out that most of the new housing in the Baltic Triangle has been snapped up by investors from everywhere else but Liverpool and that locals are missing out and being priced out of the city.
That Torus 62 is building ‘affordable housing’ in the heart of the city’s most up and coming and desirable area is no doubt a win/win for local residents.
A planning statement submitted with the project going before Liverpool City Council’s Planning Committee said that the scheme will “continue the redevelopment of an evolving, mixed-use neighbourhood. “The proposal will strengthen the city’s economy both through the provision of new commercial floorspace and by providing new homes in close proximity to jobs, services and businesses focused within the city centre.”
EDIT: The application by Torus 62 was withdrawn by the company before the June 4th Liverpool Planning committee session took place.
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