A CITY centre site that has already been approved for hotel and serviced studios is now being put forward for a major student development.
Artisan Real Estate have applied to demolish empty offices at 292-298 St Vincent Street and build a 321-studio student accommodation complex.
The existing building will be demolished
Planners have previously approved Artisan’s applications for a hotel and , just last week, a co-living facility.
A statement submitted with the planning application explains: “In April 2020, Artisan Real Estate secured planning consent to develop a 248-bed, four-star hotel, but, due to the impact of covid on the hospitality sector, a revised application was submitted in 2021 proposing residential serviced living.
“A restriction imposed on the occupancy under the co-living proposal meant that it could not be funded in the current climate.
“Having tested the market for both hotel and co-living, Artisan Real Estate recognised the widely publicised demand for student accommodation to service the various further and higher education institutions of Glasgow and partnered with Homes for Students to propose high quality student accommodation to meet the needs of the city.
“Significantly, the new proposal will work within the general building envelope and massing of the previous consented scheme, with some slight variations.
“Given that the ‘shell’ of the building is not proposed to change significantly, the client seeks to pursue a flexible strategy for the site.”
Homes for Students already manage six student residential buildings in Glasgow, all of which are at 100 per cent occupancy and are already close to achieving 100 per cent occupancy for the next academic year 2023/24.
The application pending assessment by city planners.