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Liverpool ONE
is a shopping, residential and leisure centre in Liverpool, UK.
The project, previously known as The Paradise
Project, involves the redevelopment of 42 acres (170,000 m²) of
underutilised land in Liverpool city centre. It is a
retail led project, anchored by department stores John Lewis (moving
from a smaller site in Liverpool city centre) and Debenhams, with
additional elements including leisure (anchored by a 14-screen Odeon
cinema), residential, offices, public open space and transport
improvements. The project is intended to give Liverpool a dramatic lift in
its ranking among British retail destinations and to boost the local
economy.
The majority of the development was opened in
phases on 29 May 2008 and 1 October 2008, during Liverpool's year as
European Capital of Culture, whilst the final residential units will open
in early 2009. The cost of construction associated with the project was
£500 million, with a total investment value of £920 million.
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