The Homes and Communities Agency (HCA) has selected Fortis Developments as the preferred developer for the refurbishment project at Merebank Tower, Sefton Park in south Liverpool, UK.
Fortis Developments will transform the 15-storey building in Greenbank Drive into 78 homes, which will be for sale and rent.
The scheme will feature a mix of, one, two and three bedroom apartments.
The property is located within the Sefton Park Conservation Area and has been unoccupied for many years.
HCA executive director for the north-west Deborah McLaughlin said, "This is an important project which will create nearly 80 new homes where demand for quality housing is high, and bringing these empty homes back to life will be great news for the local community."
HCA has submitted a planning application to Liverpool City Council in the UK and subject to approval, work is expected to commence in October 2013 and take one year to complete.
Kieran Moore of Fortis Developments said the project will help enhance the area and the local amenity.
"Fortis Developments intend to carry out a full renovation of the existing apartment block to form a mix of one, two and three bedroom luxury apartments including a full overhaul of the external facades," Moore said.
"The development will provide on-site parking with landscaped gardens set within a secure gated environment and is scheduled for completion by October 2014."
US-based real estate services firm Jones Lang LaSalle advised the HCA on the project.
Image: Fortis Developments will transform the 15-storey building in Greenbank Drive into 78 homes. Photo: courtesy of the Homes and Communities Agency.