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The Baltic Triangle comprises three towers of 13, 10 and eight storeys in height, with 324 apartments in total. The developer is Neptune Investments.
During the two-year construction phase Balfour Beatty will also build commercial space, a gym and concierge, and underground car parking for 358 cars.
Work first began on the site in 2006 by a previous developer, Windsor, but the scheme collapsed under the burden of debts in 2007.
With foundations already in place, Balfour Beatty will strengthen the existing basement and seek to reduce delivery time and costs by using pre-cast wall panels.
Jon Adams, Balfour Beatty managing director for northern major projects, said: “Balfour Beatty has extensive experience in delivering high-end residential schemes and of working in Liverpool, where we have recently delivered the Liverpool One and Aloft Hotel developments.
“We have a fifteen year relationship with Neptune Investments and we look forward to working with them to deliver this exciting new £32m development in the heart of the Liverpool docklands.”
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