A RIVERFRONT site in central Glasgow is being lined up for a major residential development.
Property development and investment firm, Osborne+Co, and MRP — the property development and investment division of construction company McAleer & Rushe -– have drawn up plans for 700 homes at Lancefield Quay.
Their joint venture, GDRI Europe, aims to take forward a masterplan to regenerate the four-acre site, which has lain vacant since 2007, with 400 build-to-rent homes and 300 private homes for sale.
It is hoped that a planning application will be submitted to Glasgow City Council early in the spring.
Public consultation takes place today (Thursday 4 February), between 3 and 7pm via www.lancefield-quay.com or by phoning 0800 987 5990.
Will Hean, development director at Osborne+Co, said: “Our vision for Lancefield Quay is to deliver a sustainable community with an emphasis on high quality housing that is coupled with well planned, inclusive spaces.
“Our proposals are at an early stage but we have developed them with a focus on regeneration and providing important housing. We are very much looking forward to showing local people how we feel we can enhance the area and to capturing their views.
“Osborne+Co has already demonstrated its commitment to Glasgow, through our development on Argyle Street and our Met Tower project which recently achieved planning consent. These developments represent a combined investment value of more than £200 million and our proposals for Lancefield Quay reinforce our position as a major investor in the city.”
Stephen Surphlis, managing director at MRP, said: “Alongside Osborne+Co, MRP is committed to investing in Glasgow city centre with its diverse and innovative offering.
“We are excited to bring a development of this calibre to the table and the feedback that we receive from the interactive consultation session will help shape our proposals as we continue pre-application discussions with Glasgow City Council’s planning team.
“If we get the go-ahead, the Lancefield Quay development will bolster our Glasgow portfolio which includes an £80 million scheme on Renfrew Street comprising of a 13-storey hotel development which will be operated by Dalata Hotel Group, Ireland’s largest hotel group, under their Maldron brand.
“Scheduled for completion in mid-2021, the hotel will employ over 140 staff and forms part of our wider masterplan which was recently granted planning permission for 110,000 sq. ft of Grade A office space.”