John Whittaker’s Peel has unveiled plans for the £5.5bn regeneration of the Liverpool waterfront.

The scheme, called Liverpool Waters, will see a 21m sq ft (1.95m sq m) mixed use scheme on a 150 acre (60 ha) site that stretches from Princes Dock to Bramley Moore Dock.

The development will include 50 buildings designed by a variety of leading architects, with many of them expected to be more than 50 storeys high.

The Jesse Hartley historic clock tower at Salisbury Dock will be restored and framed by two skyscrapers.

Plans also include a monorail, with the potential to connect to John Lennon Airport, 23,000 homes, four hotels, a marina and cruise liner terminal.

An outline planning application will be submitted within the next 12 months. This first phase of the development at Wirral and Liverpool will be phased over a period of approximately 30 years.

Peel, owners of Mersey Docks & Harbour Company and Liverpool John Lennon Airport, has already drawn up plans for a separate £4.5bn waterfront scheme at the Wirral.

Lindsey Ashworth, development director at Peel, said: ‘What is essentially the front porch of Liverpool has fallen into a state of neglect and does not do the City justice. We look forward to bringing forward the developments at Wirral and Liverpool as one huge scheme that will see the area become the ocean gateway to the North West.'