A ‘Topping Out’ ceremony has been held for the Adagio Aparthotel on Edinburgh’s Royal Mile, part of the £150 million New Waverley development.
The 146-apartment aparthotel, which incorporates a retained façade of the C-listed Sailor’s Ark building, is due to open by the end of the year.
The 7.5-acre New Waverley site, which will link Waverley Station to the Royal Mile, is being developed by Artisan Real Estate Investors.
The developer has also unveiled plans for 220 residential units and approximately 100,000 sq ft of office space with new retail and restaurant provision.
Clive Wilding, Artisan’s project director, said, “We are now witnessing New Waverley’s true scope and potential being delivered before us. At the start of the year we opened two Premier Inn hotels, and together with the huge interest in the Waverley Arches, we are seeing life, excitement and vibrancy returning to what had become a neglected part of the city.
“The Adagio aparthotel will continue this exciting momentum over the next 12 months, creating the perfect platform on which to launch the next commercial construction phase. This will see high quality office provision, new homes and more hospitality and retailers complete this unique integrated development, sitting at the heart of one of the most historic and environmentally sensitive areas to be found anywhere in the world.
“Artisan is delivering on its promises and bringing life back into Edinburgh’s Old Town and the city centre – creating a new destination to work, live and play. This is an exciting time to be part of New Waverley.”
Vangelis Porikis, Aparthotels Adagio director, added, “The opening of Adagio Edinburgh Royal Mile is an important milestone in the global development of Adagio. Adagio is implementing a new generation concept for business travellers and ‘city breakers’ that is smart, economical and immersed in the city.
“We are working hard with Artisan to ensure our new aparthotel is itself connected in the history and culture of the city and gives our guests a base from which to enjoy this fantastic city and surrounding area. The Adagio Edinburgh will provide round-the-clock serviced accommodation, with staff on hand 24/7, combined with the flexibility and independence of 146 modern apartments.”