Regeneration Liverpool sets wheels in motion to develop the Lime Street area and the Liverpool Knowledge Quarter
Regeneration Liverpool sets wheels in motion to develop the Lime Street area and the Liverpool Knowledge Quarter.
Regeneration Liverpool, a joint venture between regeneration specialist, Sigma Inpartnership and Liverpool City Council has signed an option agreement on the development of a significant area to the east of Lime Street in Liverpool.
This major city centre development site forms a gateway to the city for visitors arriving at Lime Street Station and is the main pedestrian route to the universities. Lying to the south and east of Lime Street Station, this large area of land is currently in a state of disrepair, providing a negative impression on the city and it is therefore a council priority in terms of the overall regeneration of the city. Development sites expected to come through the master plan will be in the region of 3 Ha.
Lime Street has been identified as one of the six major transformational projects in the Mayor’s 15-year City Centre Strategic Investment Framework (SIF). As one of Liverpool’s ‘great streets’ investment will deliver physical improvement, encourage new businesses to establish and thrive and create jobs. Revitalisation of the Lime Street corridor will also bring a boost to the areas on its borders, and be the catalyst for the creation of a high quality gateway linking the Knowledge Quarter to the city centre.
The project will be undertaken in association with Regeneration Liverpool’s affiliate company Neptune Inpartnership, a joint venture between Sigma Inpartnership and Neptune Developments, which was formed in 2012.
Graeme Hogg, director at Sigma Inpartnership, said: “Significant improvements have been made to the Lime Street corridor in recent years, particularly to the new public realm outside of the station but much still needs to be done. Now that the option agreement has been signed, the next step will be to start to outline a masterplan, which will revitalise this currently underused area of the city centre.”
Steve Parry, managing director at Neptune Developments, said: “Lime Street and the Knowledge Quarter gives us an opportunity to both dramatically improve the quality of the major gateway to the City and make a significant contribution to the development of the knowledge economy which is one of the Mayor’s key drivers for future growth.”
Cllr Malcolm Kennedy, Liverpool City Council cabinet member for regeneration said: “Lime Street has the potential to be one of the most impressive parts of the city centre. There is, obviously a great deal of work to be done before it becomes the type of gateway we would all like to see but the signing of this agreement is an important step towards the regeneration of the Lime Street corridor.”
Regeneration Liverpool is an active and successful public/private partnership working with Liverpool City Council to help deliver its ambitious regeneration strategy for the city and to contribute tangibly to the Mayoral targets. Regenration Liverpool is currently in the process of regenerating key development sites throughout Merseyside, including Norris Green and Stonebridge Cross Croxteth.