DEVELOPERS have been given the green light to build a new 498-apartment build-to-rent project on the banks of the River Clyde in Glasgow.
The £100 million scheme, which sits on the Broomielaw, is being delivered by PLATFORM_, a developer and operator of private rented housing. The site, which has been granted detailed planning permission, will comprise studio, one, two and three-bedroom apartments for rent, spread across four blocks ranging from six to 20-storeys in height.
The homes will sit alongside co-working spaces, a residents’ lounge, on-site concierge, roof terraces, gym and games room. PLATFORM_ said it expects construction to begin in the third quarter of 2019, with practical completion expected in 2021.
Designed with architects Keppie, the development forms part of a wider masterplan at the Clydeside Central Quay area.
Matt Willcock, development director at PLATFORM_ said, “We’ve been working closely with architects, designers and members of the city council over the last few months on the Central Quay site and are pleased to have received approval for the development. Build-to-rent is soaring in popularity across the UK for people who want flexible, sociable and cost-effective living, with the ability to walk or cycle to work high on the agenda. This development meets that criteria and is suitable for a range of people – couples and families alike.
“The next phase of the project will begin early this year, starting with appointing contractors with a view to having spades in the ground by the third quarter of 2019.”
Stuart Patrick, chief executive of Glasgow Chamber of Commerce added, “A development of this scale is a real boost for the Broomielaw, bringing 500 new homes to an area perfectly situated between the city centre and West End. Not only will it create hundreds of jobs during each phase, but we’re extremely supportive of plans for 300,000 sq ft of commercial space and a 150-room hotel – adding to the city’s hospitality offering.
“Glasgow Chamber of Commerce welcomes another forward-thinking proposal for centrally located residential accommodation, helping to drive footfall into the city while strongly appealing to skilled workers who want to live in close proximity to their workplace. It’s been an incredibly productive period for plans along the river – with a strong pipeline of developments stretching from Tradeston right along to Partick and I’m very much looking forward to watching PLATFORM_’s scheme progress.”
