Liverpool-owned property firm Crossfield Exclusive Developments is planning to resurrect a stalled scheme in the heart of the city’s Baltic Triangle.
The scheme on Norfolk Street, known as Baltic House, was originally devised by a previous developer but work ground to a halt last year and the project has lain dormant ever since.
Crossfield Exclusive Developments, a joint venture between Crossfield Group and Exclusive Investments, whose directors and senior management are all Liverpool-born and educated, has now purchased the site out of liquidation and is applying for planning consent for a revised scheme that will finally bring the project to life.
Crossfield Construction, a division of Crossfield Group, would be the appointed construction partner to ultimately take the proposed scheme forward, with an outline completion date of 2020.
David Ayem, director at Exclusive Investments said: “This development, if properly executed, has enormous potential to transform the area around Norfolk Street and bring an attractive, sustainable addition to the wider Baltic Triangle.
“We recognise there may be negative connotations around the site’s past, but this is a new dawn for the project and its future is now in safe, local hands.”
David Cain, director at Crossfield Group said: “The overwhelming majority of our team hails from Liverpool and we each understand the importance of undertaking development that not only strengthens the city’s ongoing regeneration but also safeguards its architectural legacy. That’s exactly what we will aim to deliver.
“If our revised plans are approved, there is huge employment potential for local people. We are likely to appoint up to ten new full-time positions to Crossfield directly, whilst our supply chain will see a further 300-400 workers on the site, all of whom would be local. This is integral to some of the positive outcomes we will expect from the construction of the scheme.”
“We are likely to appoint up to ten new full-time positions to Crossfield directly, whilst our supply chain will see a further 300-400 workers on the site, all of whom would be local”
“This is a new dawn for the project and its future is now in safe, local hands”