Wirral Council has granted planning permission for the first phase of Wirral Waters One on the former East Float dockÂ and will include 500 one and two-bedroom apartments, with 100 being affordable.
The affordable homes will be part-funded by Legacy, a company set up to help local authorities deliver affordable and revenue generating housing.
Itâ€™s hoped that Wirral Waters One will be the â€˜frontrunnerâ€™ for a number of other residential-led schemes along the north bank of Wirral, including the development of 347 modular homes by Peel and Urban Splash.
Through the Legacy deal, a further Â£100,000 will be granted to the Legacy Sports and Education Foundation, Legacyâ€™s charitable arm, which will go towards supporting local sporting, youth and education programmes in the Wirral.
Other projects proposed within Wirral Waters include a Â£20m Maritime Knowledge Hub, a proposed Â£3.5m amenity and arts hub, known as Egerton Village, and a new Â£6m offices on Tower Road, all close to the residential developments emerging along Northbank.
Richard Mawdsley, director of development at Peel Land and Property, said: â€˜The first residential quarter at Wirral Waters is becoming a reality. Wirral Waters One will incorporate state of the art residential design and innovation which will lead the way in making Wirral Waters an incredible place to live.â€™
Glenn Howells, Director at Glenn Howells Architects, added: â€˜It is important that we create a living, thriving residential project with a real sense of place. We want to create a new mixed-use community that will set the standard for developing successful new waterside homes at Wirral Waters, focused around a sense of community and individual warehouse living.â€™
In July, Wirral South MP Alison McGovern criticised Peel Land and Property for slow progress on the project, which was first mooted over eight years ago.
In a letter to the property company, she wrote: â€˜You own the land, whilst there are many families on the social housing waiting list. For eight years, you havenâ€™t developed it, and residents in Wirral are waiting for the new homes their council agreed.
â€˜Many of them are angry that the Wirral Waters development has seen such little progress towards building new homes.
â€˜I simply ask that you do the decent thing. Help us put a roof over peopleâ€™s heads or get out of the way and let someone else do it.â€™