Following this, the three warehouses currently on site will be demolished for the construction of the new residential building, Vaux at Naylor Street.
The scheme will comprise 31 one-bed, 28 two-bed, and three three-bedroom apartments — ranging from 500 sq ft to 1,000 sq ft —available for private sale or rent, with prices ranging from £168,000 to £309,750.
All residents will have access to a roof terrace, as well as 27 parking spaces, three EV charging bays and 84 cycle stands.
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The project will also include two commercial units totalling 3,800 sq ft, which are being reserved for use as shops, offices, or a restaurant.
SNOW Architects have planned the development, while BCA Landscape is the landscape architect for the scheme, and Croft Transport Solutions will advise on travel.
Mitch Walsh, CEO at IPG, commented: “We’re extremely happy to bring this new development to the market.
“The planning for this project [is] taking us a huge step forward in our 1,000-unit milestone by the end of 2024.
“As the community rallies behind these developments, we hope to see Liverpool’s vibrant flare enrich the lives of the tenants we build for.”