Plans for offices and housing on Great George Street have been on hold for years
Liverpool city council has acquired a major development site in the city centre which has been stalled for years after its previous owner went into administration.
The 4.55-acre brownfield plot on Great George Street sits at the gateway to the city鈥檚 historic Chinatown area, close to the Baltic Triangle district and adjacent to Liverpool Cathedral.
Work came to a halt in 2017 due to legal challenges concerning leaseholds, which the council has since resolved.
The developer-contractor that owned the site, The Great George Street Project Limited, then went into administration in February 2022.
It had a 拢170m plan for office space and housing on Great George Street as well as restaurants in Chinatown.
But work looks set to get going again after the Ministry of Housing, Communities and Local Government and Liverpool City Region Combined Authority handed the council 拢10m to purchase the site, with final approval finalised last week.
The acquisition is the latest in a string of brownfield investment deals in the city.
In October, the council announced it was looking for developers for its Festival Gardens site, which cost 拢60m to clean up. Meanwhile, Homes England invested 拢56m in Liverpool Waters鈥� housing regeneration project last month.
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