L1 Studios was launched in September and is now sold out.
Construction began in April 2017 and is on schedule for completion in Q2, 2018.
Consisting of 52 studio apartments the development will offer luxury student living to supply the growing demand for student accommodation in Liverpool. Investors benefit from receiving 8% net rental income for the first 3 years.
The main progress onsite this month has centred around the excavation of the pile-cap style foundations, which is now complete. The piled foundations have been cropped and the excavations blinded and filled.
L1 Studios – Construction Updates
L1 Studios – Construction Update May 2017
Following on from previous site investigations and foundation design, May has seen installation of site infrastructure and boarding, and initial groundworks have taken place.
The existing basement that was present from the previous building has been excavated, as have the substructure pilings and foundations. The construction team will commence piling of the new foundations in June, in anticipation of the erection of the steel frame following on from that.
L1 Studios – Construction Update February 2017
The developer’s team has recently carried out a site investigation to the plot, which related to environmental searches and to assess the ground for foundation design.
Following this successful investigation, the developer has sent a team onsite to confirm the findings of the site investigation report. The onsite team has also determined the extent of the basement to the adjacent property. These trial site investigations have meant that SWF Consultants are able to finalise the foundation design for the project.
Furthermore, last week saw a design team meeting held, which was attended by the architects for the development, the structural engineer, the M & E engineers and the main contractor, Ridgemere. The purpose of the meeting was to co-ordinate all of the different elements of the building design, which are now being drawn up ahead of full construction commencing onsite in May.
Photographs from Fleet St showing trial / exploratory excavations.
L1 Studios Drone Footage – February 2018