The regeneration of Liverpool’s Lime Street has moved a step closer following the appointment of a building contractor.
Neptune Developments has enlisted the services of ISG to help deliver the £39 million scheme, which includes retail and leisure provision, student accommodation and a new Premier Inn hotel.
Demolition work has already been carried out at the site but further clearance is expected to take place before Christmas so ISG can begin construction in January.
Andy McLinden, regional managing director of ISG’s Northern England and Scotland construction business, says: “The Lime Street area of Liverpool has been in desperate need of a catalyst scheme to revitalise this key thoroughfare near the centre of the city.
“This mixed-use scheme represents the first phase of the Knowledge Quarter masterplan and is a hugely important regional project that will transform and enhance the character and aspiration of this key gateway into the city.”
ISG will liaise with Neptune, Liverpool City Council and Sigma Capital on the scheme, which is being delivered on behalf of site owner Curlew Student Trust.
The development is expected to create more than 300 jobs and incorporate elements of the former Futurist cinema, which was demolished after structural experts declared that it could not be saved.