A £50 million mixed-use development has been given the green light to form part of Liverpool’s emerging Fabric District.
The scheme by YPG will also help transform the Islington gateway into the city centre as three new buildings are delivered over the coming years.
Named ‘Fab One’, ‘Fab Two’ and ‘Fab Three’, the seven to 10-storey blocks will incorporate 12,000 sq ft of ground floor commercial space along with 449 one and two-bedroom homes targeted at young skilled workers and students. Secure cycle storage and a gym will also be included.
One of the buildings is going to include 25 apartments which have been specifically designed with enhanced accessibility in mind.
With work scheduled to begin in July 2018, taking around two years to complete, it is expected that the project will support some 200 construction jobs.
Ming Yeung, managing director of Liverpool-based YPG, says: “Islington has been an unremarkable part of the city for decades now but, as part of the expanded Knowledge Quarter (KQ Liverpool), is undergoing a fabulous renaissance.
“Our development is one of a number which will see existing poor quality industrial and storage buildings being replaced by high quality residential, leisure and retail space. It’s great to see an entirely new city district emerging and meeting the needs of our new economy.”
Mayor of Liverpool Joe Anderson said: “This development will make a huge difference to the impression people get when they drive into the city centre and we’re delighted to be working with YPG to bring forward such a transformational scheme.”