Named after the building’s New York-inspired design, The Lexington forms part of the Peel Group’s £5.5bn Liverpool Waters regeneration masterplan and overlooks the docks that first kick-started Liverpool’s growth.
The 34-storey tower, designed by Falconer Chester Hall architects, will be the tallest residential landmark in the city’s Liverpool Waters area. With a 17th floor residents’ lounge, gym, roof terrace, garden, fitness studio, an indoor/outdoor cinema and 24-hour managed concierge, The Lexington will raise the bar in Liverpool’s rental market.
Unlike other developers, Moda Living and its funding partner Apache Capital will retain ownership of the property and operate it through their JV to ensure the creation of a genuine long-term community and investment platform.
The building is the biggest single investment into Liverpool’s property market this year, underlining Mayor Joe Anderson’s commitment to supporting investment and housing. It is the third project to be brought forward by Moda Living & Apache Capital.
The Lexington at Princes Dock has a prominent position on the Liverpool waterfront, recognised by UNESCO as a world heritage site, and is a stone’s throw away from the Three Graces – the Royal Liver Building, Cunard Building and Port of Liverpool Building – which give the city its iconic skyline.
Mayor of Liverpool Joe Anderson said of the development: "Liverpool is enjoying a regeneration on an unprecedented scale with a number of quality developments in the pipeline. This latest announcement for Liverpool Waters underlines the city’s ability to attract high-level investment into housing which will be crucial to supporting the city’s long term growth."
Dan Brooks, director at Moda Living, said: "Liverpool is an exciting place to be in right now, with lots of development activity and a real can-do attitude from the council. The Lexington at Princes Dock will help underpin the regeneration efforts there while also providing much needed quality homes for rent. 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."