Revised plans for Edge Lane Retail Park in Liverpool which will create an estimated 1,500 new jobs are set to be approved.
It follows extensive discussions between the city council and Derwent Holdings to address and tackle economic challenges in the retail sector which have impacted on the size and scale of the scheme.
Mayor Joe Anderson and Derwent Holdings Chairman Albert Gubay have been in regular dialogue to make sure the scheme remains viable and can continue in these difficult times.
Work is already nearing completion on the initial phase of the Retail Park, creating 21,000 square feet of warehouse units on the plot bounded by Edge Lane and Binns Road – including a food superstore.
The new-look plans for subsequent phases include:
A major leisure and restaurant development on 147,000 square feet of land originally earmarked for an extension of Rathbone Hospital (Edge Lane/Mill Lane/Rathbone Road)
The former Robinson Willey gas appliances site to be developed as a high quality park, albeit smaller than planned to make space for business units to accommodate firms including those currently on the Binns Road Trading Estate
The former Crossfield Garages to be upgraded as four retail units which will reflect the design quality of the main scheme, rather than being used to accommodate businesses displaced from the main retail site
The main retail park to be scaled back from 46 to 30 retail units, plus restaurants and surface-level parking. Plans for an underground car park have been withdrawn
Mayor of Liverpool Joe Anderson, said: “This is a hugely ambitious project, made all the more challenging by the tough economic times.
“Work is already underway on phase one but we want to make sure the entire scheme is delivered which is why we have worked in partnership with Derwent to make it work for them and us.
“We are determined to make it happen, because we know how important it is to rejuvenate this major city gateway, delivering excellent retail and leisure facilities and creating many new jobs.”
The scheme is an important part of the work to improve the route into the city centre, which also includes the recently-completed Hall Lane improvements, new housing on Edge Lane and the proposed new Royal Liverpool University Hospital.
Director of Regeneration, Nick Kavanagh, said: “In times of austerity, it’s more important than ever that we work creatively with the private sector and continue to build confidence in Liverpool as the place to do business.
“Significant regeneration continues in this city, despite the recession, with hundreds of millions of pounds of projects underway.
“We want to make sure Edge Lane Retail Park is one of those projects, because of the immense benefits it will bring to Liverpool.”
The revised proposals will be considered by the Mayor’s Cabinet on Friday 30 August.