The latest phase of the £920m Liverpool One development is to be officially named One Park West.

The 17-storey tower will be built by the Duke of Westminster’s property group – Grovesnor - and has been designed by Cesar Pelli, creator of the Petronas Towers in Kuala Lumpur.

One Park West will contain 326 one, two or three bedroom apartments. There will be secure car parking and a 24-hour concierge service.

The building will have as its neighbour the new four-star Hilton Hotel on the other side of the park.

The apartments went on sale 23 February through the Liverpool office of sole agents King Sturge. So far, 40 apartments have been sold, the cheapest being a studio for £100,000 and the most expensive being a 3 bedroom flat for £400,000. All apartments will be privately owned.

Work on One Park West and the nearby Hilton Hotel is already under way. Grovesnor’s intention is to release apartments in phases, with an expected completion of the tower in early- 2009. Grosvenor plans a total of 630 new apartments for the Liverpool One development, which is a £920m regeneration scheme for the city centre.