A LANDMARK Liverpool waterfront regeneration project is back on track – with its £45m future unveiled today.

The Baltic Triangle has become one of the most prominent eye sores in Liverpool.

The original plan for the site, which overlooks The Strand, collapsed in 2007 with debts of £46m and has since sat abandoned.

Neptune Developments, currently finishing three blocks at Mann Island, is in the process of applying for planning permission for a replacement £45m scheme for the site.

Work is set to start in the summer when the steel and concrete carcass of the lift shaft from the failed scheme will be removed.

Foundation work for the underground car park will remain, but pillars rising above ground level will be removed.

The new plan has four buildings. The first two, at the back of the site, will be blocks of flats – a nine-storey tower for serviced apartments, and a six-storey building for long term rentals.

The third and fourth are outline applications for a 170-bed four star hotel and a building with uses which could include a hospital, casino, or offices.

Steve Parry, Neptune Developments managing director, said: We probably don’t notice it anymore because it has been here for so long, but visitors to Liverpool do.

“If nothing else removing the lift shaft will be a very good thing.