A £200MILLION development of more than 700 build-to-rent homes in Glasgow City Centre has been given planning permission.
Glasgow City Council has approved plans for the 7.5-acre derelict site behind High Street rail station, just south of Collegelands, beside Parsonage Square.
The Get Living scheme will feature 727 homes for rent, a public square, 99 student studios and around 3,365 square metres of space for retail, leisure, food and drink and commercial business.
The proposals include high-quality public realm for residents of the new homes and the wider community. Tree-lined access routes on the site will connect the Merchant City through to the East End via High Street.
Work on the first phase is expected to start in 2019, subject to building warrant. Other than a section currently used as a car park, the site has lain vacant for many years.
The Molendinar Burn, the original freshwater source upon which Glasgow was founded, passes underneath the site. Most recently the City of Glasgow Union Railway Company used the land as a goods yard.
Glasgow-based architects Stallan-Brand developed the plans with the vision of creating inspiring and sustainable public areas throughout the neighbourhood.
The development will be operated and managed by residential investor Get Living, the most established operator in the UK’s Build to Rent sector.
Rick de Blaby, executive chairman, Get Living said: “We welcome the decision by Glasgow City Council to grant consent for our neighbourhood and believe it will bring much needed, in-demand, high-quality homes for rent to the heart of the city.
“With a wealth of commercial developments in the city centre and on the waterfront of the river Clyde, it is an exciting time for Glasgow and it is fantastic to be able to say we are now a part of its ongoing revitalisation.
“We have listened carefully to the views of local businesses and the people of Glasgow in forming these ambitious plans. Now, as long-term investors, we will build on those relationships even further in the years to come and look to become part of Glasgow’s civic family, delivering a new area of the city’s fabric with important historical significance.
“This development is a significant step forward for our investor group and the city.
“Get Living has blazed a trail in the build-to-rent sector through prioritising the wellbeing, happiness and security of our residents and communities and we look forward to changing the way people rent in Glasgow in the years to come.”
Stuart Patrick, chief executive, Glasgow Chamber of Commerce said: “This development will completely overhaul a key area of Glasgow, located right on the cusp of the city centre in an ideal location. It is an impressive and extensive scheme in both its scale and ambition, creating hundreds of high-quality homes alongside competitively located commercial space.
“Attracting people to live centrally is a key priority for our urban planners, driving sustained volumes of footfall for the retail and leisure sectors whilst also bringing skilled workers closer to their jobs and reducing travel demand. There is currently a reassuringly positive momentum for new developments springing up around Glasgow, such as the Barclay’s Buchanan Wharf announcement or the new headquarters for the Clydesdale Bank and these new homes are likely to prove attractive to many who will be employed in these developments.
“Securing planning permission is an important milestone and we’re looking forward to watching the progress of Glasgow’s newest neighbourhood.”