A £56m mixed-use development creating 250 jobs in Liverpool city centre has secured planning permission in the UK. The scheme, which comprises two hotels and post-graduate studio accommodation on Oldham Street, has been put together by Northern Ireland-based property company Tara House Ltd.
It represents an investment in the Liverpool economy and will help improve the city’s tourism offer with the addition of an extra 270 hotel bedrooms.
The developers have secured a major international hotel operator for both hotels and expect to be able to announce the identity of the operator later this month.
The key components of the scheme, which has been designed by Liverpool architects Falconer Chester Hall, will be a 140 bedroom three-star hotel and a 130 bedroom budget hotel, 113 post-graduate studio units and a basement car park of 247 spaces available on either a long or short stay basis.
Tara House Ltd, managing director, Murray Twinn said: ““We are very excited about our scheme which should help to promote further regeneration in this important and strategic city centre location. The mixed uses will bring vibrancy and life to the Oldham Street area whilst creating jobs and giving a boost to the local economy.”
Falconer Chester Hall, Mark Doohan said: “We are delighted to be part of this significant regeneration project. The design unifies the broad mix of uses and creates a family of buildings and a dynamic city, street and roof scape. A two tone mix of high quality cladding materials subtly subdivides the facades and gives the building a unique appearance which is striking in this context.”
Work is expected to start on site in the third quarter of 2010 with the first phase expected to be completed in the third quarter of 2011, and the rest of the development early in 2012.