Scotching claims that a global credit crunch could affect Liverpool's future tallest building, the King Edward Tower, has taken a crucial step forwards in being realised.
The joint developers of the skyscraper, Y1 Developments Ltd and Richmont Properties, have secured the funding they will need to construct the £130 million project although they are still saying schtum on the actual source of the funding for now.
Designed by architects Leach Rhodes Walker, it has been a long time in genesis with over two years of consultations having taken place plus numerous design changes taking into account the views of the council and local stakeholders to reach the stage it has now of the planning application having been validated by the local council.
If built it will be 170 metres tall with 54 storeys. Inside will be 412 apartments plus office and retail space and plenty of basement level parking. For visitors the highlight will be a huge 600 square metre restaurant and skybar taking up the whole of the 14th that will be accessed by an exclusive express elevator that will whizz them straight there.
The planning committee of Liverpool City Council are expected to rule on approval of the scheme in the first quarter of 2008 with building works scheduled to begin in the autumn of this year should they be successful.
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