English Corpus

Liverpool is all set to have a new skyscraper dominating its skyline in the form of the King Edward Tower, provided the current plans are approved. It is proposed to be built in the same place as the erstwhile King Edward Pub for which the tower is named, situated at the cross section between King Edward Street and Leeds Street.

Richmont properties have decided to develop this property along with Y1 and have obtained the necessary funding required for creating such a huge tower. The estimated cost of the project is expected to be around £130m.

The King Edward Tower is designed to have 54 storeys, a height of nearly 165m and will house shared offices, residential areas as well as amenities for leisure. If the proposal is accepted, when the tower is built it will surpass its competitors as the highest building outside of London; the two competing towers being the Piccadilly Tower in Manchester and the Lumiere in Leeds.

The initial plans for the development of this building were initiated two years ago. However, the plans were rejected, largely due to the interference of CABE, a regulatory body of the government and Peel, who is a local landholder in Liverpool.

The initial plan that was rejected proposed the construction of two towers and then the developers changed the construction plans drastically and eventually decided to build just one tower. According to the current plans of the King Edward tower, the building will have nearly 25,000 sq ft for commercial use or office property, 412 apartments and nearly 7,500 sq feet for use as retail space. Additionally, the plans also include designs for a bar and restaurant to be constructed on the rooftop of the tower, that will offer its patrons a view of the Liverpool skyline.