Liverpool-based healthcare developer VVHC has submitted its application to Sefton Council to refurbish the 16-storey tower block in Church Walk.
If gaining planning the scheme would see the empty Irlam House transformed into a new hub for the care of local elderly people.
The tower will be re-clad and fitted with new community facilities on two additional penthouse floors, including a communal lounge and top floor restaurant.
Residents will also benefit from viewing decks, a gym and yoga room, cinema roof, craft rooms and beauty therapy rooms – with neighbouring residents encouraged to use the facilities.
The property, built by George Wimpey in 1964 to a design by borough architect T. Finlay, had originally been ear-marked for demolition.
VVHC identified with its partners that it remained structurally sound and developed the funding model that showed Sefton Council that it could meet its care obligations much more cost-effectively than using a standard approach.
Terry Carroll, managing director of Carroll Build said: “We are excited to be part of this project, breathing new life into the building, which will result in the provision of high quality extra care accommodation, as well as playing a key part in the regeneration of this area, helping retain a much needed housing asset in South Sefton.”
Architect on the scheme, Andy Armstrong of Liverpool-based Condy Lofthouse, said:“These will be generously-sized homes carefully designed to meet the needs of elderly residents. The social infrastructure in particular will play a key role in residents’ well-being.”
Work is set to start on site this summer 2019 with completion expected in Autumn of 2020.