Towards the south of Liverpool’s core is the Baltic Triangle which has been transformed from desolate factory and workshop remains into a £190 million multi-use environment. Described as having a ‘raw’ and ‘organic’ feel, the location has been voted one of the coolest places to live in the UK by The Times newspaper. Young people especially are flooding to the area to delve into the eccentricity that is proving so popular in modern-day regeneration.
Sandwiched between the Georgian Quarter, Ropewalks and the docks, the Baltic Triangle is in a prime location mirroring Bold Street’s independent social scene, and is a favourite with tech creatives and students. As one of the city’s most up and coming districts, investors and developers are recognising the significant potential in the area’s buy to let market where rental yields are high and property prices are low due to the recently discovered gem steadily evolving into a go-to spot for residential and student accommodation.
Multi-storey buildings combine office space with fashionable apartments to cater for modern tenants living and working in the area, and some of the proposed properties are worth over £40 million. As well as being the new place to live in Liverpool, the Baltic Triangle is also a fashionable place to work.
Independent businesses set up shop during the day in the workshops that used to handle trade from Liverpool’s docks. Now housing digital and media corporations in a 21st-century working environment, it seems that the creative industry has overtaken the mercantile nature of the past. The now popular innovative sector is overseen by the Baltic Creative C.I.C who work to provide unique commercial space to businesses in the Baltic Triangle. The firm has recently been forced to expand to keep up with the number of companies requiring their services to find space to work within the area, competing with Liverpool’s Commercial District towards the waterfront.
Just moments from Liverpool’s multiple universities, students head to the likes of the Baltic Social, Ghetto Golf, the Baltic Market, Invisible Wind Factory and Constellations for unprecedented leisure facilities. The celebrated Camp and Furnace sees students go wild by night at lively club music events but the array of things to do also makes the Baltic Triangle a hotspot for young professionals locating in the conveniently located south city zone.
Proposals have been released for a £70 million hotel which will see an extension of Liverpool’s hospitality sector move outwards from the central core of the city. The hotel will have 360 luxury rooms and 50 bigger, serviced apartments plus a sophisticated rooftop area, spa, gym and outdoor circuit-training terrace. Described as adhering to the Baltic Triangle’s ‘funky vibe’, the hotel is exactly what this area of the city needs in order to boost its status as a major Liverpool location.
In a summary of this regeneration masterplan, talented street artists turn blank brick walls into urban masterpieces, echoing the transformative makeover of the Baltic from an industrial blank canvas into a dynamic a creative and colourful destination.