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Developer plans £100m investment

One of the Liverpool’s most historic streets will benefit from a £100m investment if plans to develop four key sites get the go-ahead from the city council early next year.

Maghull Developments has submitted four separate planning applications for five of the properties it owns on Hope Street. These comprise Josephine Butler House, the Hahnemann Building at 42 Hope Street, 58 Hope Street, 68 Hope Street and 2 Blackburne Place.

The applications propose a mix of retail, leisure, boutique hotel, Grade A offices, basement car parking and high-end luxury residential apartments.

Michael Hanlon, managing director of Maghull Developments, said: “We have worked very closely with the city’s planning officers for over 12 months and our plans will ensure a sympathetic refurbishment of key Grade II listed buildings on Hope Street.
“The proposals provide a mix of uses which will undoubtedly enhance the vitality and viability of the city’s Georgian Quarter, whilst providing a substantial boost to the local economy in terms of job creation and enhancing the city’s tourism offer.”

The proposals for Josephine Butler House, situated at the junction of Hope Street and Myrtle Street, provide 20,000 sq ft of ground floor retail and restaurant units with 115,000 sq ft of grade A office accommodation on the upper floors. On the 6th floor a 7,000 sq. ft Sky-bar restaurant with outside terrace area has also been proposed, offering unrivalled views along Hope Street to both cathedrals and over the city.

The office space is being designed to a BREEAM Excellent rating standard, making it one of only a handful of properties throughout the North West with such a high level of sustainability and energy efficient credentials and only the second in Liverpool.

Josephine Butler House will also provide three levels of basement car parking and a total of approximately 265 car parking spaces, offering secure off-street car parking for all four of Maghull’s schemes.

The proposals will see the Hahnemann Building refurbished into a 63 bedroom five-star luxury boutique hotel with restaurant, bar and luxury day spa.

Both Grade II listed buildings, 68 Hope Street and 2 Blackburne Place, will be refurbished to provide a total of 54 spacious loft style apartments which will be aimed specifically at the city’s most affluent residents and not the investor market. Apartments will range from 600 sq ft for a one-bedroom unit to 3,600 sq ft for a three-bedroom triplex unit, complete with three outside terrace areas. Prices are expected to range from £150,000 to in excess of £1 million.

It is hoped work will start on site during summer 2008 and a three year construction programme is expected in order to complete all four projects. Maghull Developments recently moved its operations into 58 Hope Street in order to closely oversee each of the proposed schemes.