THE first private residential development opportunity has been launched to the market at a new urban quarter taking shape in Edinburgh.
Edinburgh Park sits 5.5 miles from the city centre and is being delivered by developers, Parabola, in what it says will be a ‘socially inclusive, healthy, and culturally vibrant’ environment in ‘one of the best’ connected mixed-use neighbourhoods in the city.
The area encompasses 1,000,000 sq ft of grade A office space; Patina, a £2.4 million bar, restaurant, artisan bakery and live music venue; facilities for padel tennis and a multi-use-games area for tennis, five a side football, netball and basketball as well as public realms incorporating a water cascade, lochan and ten sculpture installations by artists including Sir Eduardo Paolozzi RA.
The development incorporates footpaths and cycle ways connecting the site to the Pentland Hills, as well as two tram stops that allow for travel to the city centre in less than 20 minutes.
Detailed planning consent has been obtained for the development of 397 apartments and townhouses for sale to be built across three plots, the majority with private gardens, balconies, or terraces. In addition, landscaped podium gardens between all blocks, with dedicated children’s play areas, will be for the exclusive use of residents. One block will encompass a communal, south facing roof top garden with views towards the Pentland Hills
The development will apply low and zero carbon technologies and implement non-combustion heating systems, with a targeted A EPC rating.
Future plans for the wider development include a hotel, 1,180 build to rent and mid-market rental units, 160 affordable housing homes, as well as further eating, drinking and leisure facilities.
Ben Brough of joint agent Savills said, “We have been working with Parabola for some time, and it is just extraordinary to see their vision for a new urban quarter burst into life. We are very excited to bring almost 400 well designed, essential new homes to the city, in a great location where art, culture and business will co-exist alongside a healthy and sustainable living environment.
“Edinburgh Park is a fitting way to further the capital’s global reputation for exceptional quality of life, reflecting its green credentials and is vibrant cultural scene. As the UK’s largest financial hub outside of London, home to over 50,000 companies from diverse sectors including renewables, technology and life sciences, Edinburgh is a global city in high demand. We therefore anticipate far-reaching interest in Edinburgh Park from housebuilders and developers.”
Tony Hordon, MD of Parabola, added, “We could not be more excited with this milestone, given this represents some eight years work with a considerable professional consultancy team, and working closely with Edinburgh City Council. We now have the real potential to deliver a European exemplar in mixed use design, masterplan and community, stitched together with the most wonderful public realm and the arts – a new urban quarter for the City of Edinburgh.”
