A neglected part of Edinburgh’s historic Grassmarket is to be regenerated through a landmark development
The redevelopment project which developers believe will breathe new life into an area which has lay vacant for an number of years, involves the creation of a hotel, flats, student accommodation, a new public square and cafe and an arts facility and studios. Of the housing being constructed, 25% will be affordable.
The development also includes the incorporation of the current Nightclub site and includes improved and enhanced public realm, including new routes and courtyards throughout, in-line with the character of the Old Town.
A planning application has been lodged for the proposed redevelopment of the buildings on King’s Stables Road, taken forward by a joint venture between Peveril Securities – the development arm of the Bowmer and Kirkland Group – and Campus Development Management.
Developers say the current mix of buildings on the site – formerly council offices, storage premises and workshops – have lain vacant since 2009 and were put on the market last year by the council, who deemed them surplus to requirements….