Liverpool’s Fabric District
Hailed as the next up and coming area to put Liverpool on the map is…the Fabric District. Nestled between Islington and London Road, this area takes its name from its links to the textiles traditions.
Islington will see a change to its landscape unlike ever before. It’s ripe for investment and here’s why. Liverpool’s Fabric District is at the start of a fantastic renaissance. With big ambitions on the horizon investment opportunities are abundant, as several new housing schemes are planned for the area.
This is Liverpool’s regeneration zone, the Fabric District will create a housing stock including swanky apartments, family homes and places to live for professionals. Investment opportunities are huge.
The District is steeped in the city’s rag trade heritage, which can be traced back to the early 19th Century, and is still today, home to fabric shops and sewing emporiums. Islington’s well-known Stafford Street, with other textile business close by, is what will become a new area with big plans and lots of ambition.
Liverpool’s New Builds in the Fabric District
Planning approval for the £50m high-quality housing complex in the Fabric District has been won by Developer YPG. They plan to create a residential development – three buildings 10 storeys high at the heart of the District on Devon Street. It will be made up of 449 one and two-bed apartments with 12,000 sq ft of ground floor commercial space.
It’s expected that work will start on three apartment blocks this summer. The apartments will be called Fab One, Fab Two and Fab Three, named after the first three letters of the Fabric District. These, along with a mix of other homes, will see a new neighbourhood for families, young professionals, students and more affluent home owners, attracted by the area’s housing offering.
As a concept, the Fabric District is driven by a consortium of stakeholders, businesses and property owners. Three of which are Jason Abbott and Richard and Suzanne Jennions. They, along with others who a part of this collective – the Islington Stakeholders Group (ISG) – want to drive change in the city and see this part of Liverpool reach its full economic potential.
Seeing success in areas like the Baltic Triangle and Bold Street shows what’s possible and how the city can give a new offering to its Islington residents and those further afield.
Future Predictions
With the Fabric District set to become a vibrant area of the city, with predicted strong day and night time economies, there’s plenty to shout about in terms of investment opportunities.
The housing offer in the District is sure to pique the interest of those stepping into Liverpool’s housing investment market. A good example of this is the bold move by Town Square Development, on behalf of T.J Hughes Ltd, who have submitted plans to Liverpool City Council to demolish its Hughes House building in order for it to be replaced it with an eight-storey complex of 182 apartments in the Fabric District.
Housing, public spaces, and the creation of green spaces are all on the list to make Liverpool’s Fabric District distinctive, unique and an attractive place to live. All aspects bring something different – they add to the mix – and will make the area welcoming and appealing with the hope of creating a strong community.
Property is key in what will be an exciting new place, but this area offers much more.
There are plans for new venues including shops, offices, restaurants, entertainment hubs and public art, to bring together a whole new quarter opening up and connecting the city centre to Islington unlike its current set up.
The creation of the Fabric District will be a gateway to the city. Giving Liverpool’s regeneration zone of Islington a true transformation, adding something special to what is already a truly great city.
Properties for Sale in Liverpool
At RWinvest we specialise in connecting investors with the best value in the Liverpool market. For more information on buy to let investment opportunities in 2018, contact RWinvest on Tel: +44 (0)151 808 1250, via Email: info@rw-invest.com or visit our website at: www.rw-invest.com
