THE owners of Shawlands Arcade on Glasgow’s Southside, have lodged a planning application for phase one of the complete regeneration of the site.
The first stage will have 330 one, two and three-bedroom build-to-rent apartments, ground floor shops and commercial space, and communal landscaped roof gardens and terraces.
Buildings will range from five to 14 storeys. Phase two is expected to have around 320 flats.
Neal Jamieson, director of Ediston Real Estate said: “We are pleased to submit plans for a viable alternative to the existing arcade. Having consulted with the community over the past year, we know that replacement of the current dated complex is much wanted. The proposed balance of housing and retail uses has been carefully considered to ensure a regeneration that is realistic and deliverable.”
An independent economic impact assessment has been submitted as part of the application and confirms that the planned £150 million investment into Shawlands will enable the replacement of a key town centre asset and prevent it from falling into dereliction.
Jonny McDonald, chair of My Shawlands Business Improvement District, said, “As we head into an increasingly difficult economic climate, we are encouraged that the arcade’s owners have prepared a set of plans that are economically viable and can be delivered. The existing arcade is increasingly detracting from the overall town centre and it’s been a long held aspiration of My Shawlands to see it replaced.”
The proposals are being brought forward by the arcade’s owners, Clydebuilt LP, which is a property investment and development fund co-owned by Strathclyde Pension Fund and Ediston Real Estate.