Nexus completes first phase of £50m Baltic Triangle resi
An initial tranche of 50 apartments is complete, with the remaining 246 Liverpool homes due to be finished by the end of the year.
Nexus Residential is working with construction firm Legacie Contracts to deliver One Baltic Square, a scheme it bought in 2021 after the YPG Developments vehicle initially behind it went into administration.
Last year, Nexus secured £19.5m from Maslow Capital to complete the first phase.
As well as the apartments, all of which were sold off-plan, the scheme features “a square styled around a typical Italian piazza”, which cost £1m, according to the developer.
Nexus Residential managing director Michael Gledhill said: “One Baltic Square is our standout residential development in Liverpool and will bring much-needed, high-quality homes to an increasingly popular part of the city.
“We are proud to help create a new urban village in the heart of Liverpool, offering luxury accommodation and practical facilities, as well as a prime location.
“It is fantastic to see the first phase complete, with the construction team now pressing ahead to get the rest of the homes ready.”
Elsewhere in Liverpool, Nexus has taken over Primesite Developments’ stalled The Rise scheme in partnership with Legacie Developments.
Legacie and Nexus have renamed the 450-apartment development Element the Quarter and claim it will be “the first major eco-residential development in Liverpool”.
Good to see a stalled project picked up and making great progress in an area that used to have really good Bauhaus inspired flats, all sadly demolished. This location was densely populated and needs projects like this to go some way to restoring the numbers living there. The area contains a few decent thriving pubs , like The Coburg, and some others that are empty but with a growing population could re-open. I think Caro are due to start another scheme nearby so some more positive news we hope.
By Anonymous