The tower, which will be built at Princes Dock will house 304 apartments and will be the tallest development in the Liverpool Waters neighbourhood, forming part of Peel Group’s £5.5bn regeneration masterplan for the area.
The 34-storey tower, designed by Falconer Chester Hall architects, has been called the Lexington because its apes the New York-style design.
Apache Capital is fully funding the 300 rented flats scheme, with communal facilities including a 17th floor residents’ lounge, gym, a roof, terrace, a garden and a cinema.
Last week the developers also secured planning for a £145m, 450-apartment block on Broad Street, Birmingham. Carillion is also building a £128m, 466 apartment PRS development in Manchester, known as Angels Gardens.
The partnership has to date secured a PRS development pipeline of around 5,000 flats located in prime city centre sites across the UK’s major regional cities with an end gross development value of £1bn.
Dan Brooks, director at Moda Living, said “This is the next important step in our ambitious plan to create the UK’s leading rental brand providing a new benchmark for city centre living.”
Richard Jackson, co-founder and managing director of Apache Capital Partners, said: “The Lexington will provide a fantastic legacy for Liverpool and its historic skyline and waterfront, creating from the outset a vibrant community that will be part of the local area.”