Plans have been submitted for theÂ Â£200m Pall Mall scheme in Liverpool city centre.
The masterplan includes 400,000 sq ft of new Grade A office space, a 280-bedroom hotel, retail and leisure amenities, as well as a new large scale piece of landscaped green space.
Itâ€™s claimed the Pall Mall development will bring Â£146m into Liverpool every year and add 2,400 permanent jobs, 250 temporary construction jobs as well acting as a catalyst for wider regeneration in Liverpool city centre.
Kier Property and CTP are working in a joint venture partnership with Liverpool City Council to deliver the project.
The 1.2-hectare site will expand the commercial district in Liverpool city centre and will form a key part of the councilâ€™s emerging Spatial Regeneration Framework (SRF) for the commercial district.
Mayor of Liverpool, Joe Anderson, said: â€˜The proposed Pall Mall scheme is of huge importance to the development of our Commercial Business District.
â€˜Liverpool city centre needs new Grade A office space to attract companies and highly skilled jobs so we can continue to grow our economy.
â€˜Iâ€™m greatly encouraged by the thinking behind the schemeâ€™s lay out and delighted the emphasis is as much on the quality of the place as it is on the design of the buildings. Weâ€™re looking at how we can develop the district and this scheme can act as a signpost for the future aspirations for the area.â€™
In related news, more details of a new 56-acre urban area in Liverpool called Upper Central were unveiled earlier this week.
Running from Central Station to Liverpool Science Park and Lime Street to Bold Street, Upper Central is seen as key to the future development of the cityâ€™s blossoming Knowledge Quarter (KQ Liverpool), becoming a â€˜magnetâ€™ for the digital, tech and creative sectors.
Subject to approval, Kier Property and CTP will start construction in early 2020.