Plans for the 34-storey tower have been submitted by Moda Living and Apache Capital Partners, through their private rented sector (PRS) joint venture.
The Princes Reach development, which forms part of Peel Group’s wider £5.5bn regeneration of Liverpool Waters, will provide 304 apartments for rent.
This is the second development by Moda Living and Apache Capital after its acquisition in February of the £128m 466-unit Angel Gardens development site in Manchester. The partnership has a PRS development pipeline of approximately 5,000 units in city centre sites across the UK.
Richard Jackson, managing director of Apache Capital Partners, said: “This building has been designed to provide a legacy for Liverpool and its historic skyline. It will offer our customers a new aspirational residence and lifestyle that does not yet exist in Liverpool, combining the highest levels of design, amenities and services. Our investors continue to strongly support the funding of our secured premium PRS development pipeline across prime regional UK cities that we will own and operate for the long term.”