Detailed plans lodged for £90m build to rent tower on Glasgow waterfront
The ongoing revitalisation of Glasgow’s waterfront is poised to take a major step forward with the submission of a detailed planning application for a 500-apartment build-to-rent development on the banks of the Clyde.
The project at Central Quay on the Broomielaw is being led by investor, developer and property manager PLATFORM_ which said it will deliver high-quality, state-of-the-art homes to cater for a range of people living and working in the city.
Pending detailed planning consent, which is anticipated at the end of 2018, PLATFORM_ hopes to start construction of the apartments by the second quarter of 2019, with a scheduled completion date of summer 2021.
Initial planning in principal was granted for the seven-acre Central Quay site at the beginning of 2018 following a masterplan formulated by Harbert Management Corporation and XLB Property, together with Keppie and LDA Design.
Designed in partnership with Keppie, the development forms part of a wider masterplan at the Clydeside Central Quay area, which also includes 300,000 sq ft of office space and a 150 room hotel.
The PLATFORM_ managed accommodation will offer one of Scotland’s first build-to-rent opportunities, modelled on the successful and rapidly expanding concept first seen in London.
Offering a range of accommodation from studio apartments through to three-bedroom flats the development will incorporate its own shared residents lounge, onsite-concierge, roof terraces, gym, games room and a co-working space.
Matt Willcock, development director at PLATFORM_, said: “Glasgow is thriving, and our new development aims to provide accommodation which meets the demands of its growing, highly-skilled and modern workforce. Build-to-rent is a rapidly growing concept around the UK and we’re proud to offer one of the first developments in Scotland. It’s a form of accommodation we expect to continue to see across the UK, and one which will play a significant role in helping Glasgow attract and retain talent to support its major economies.
“The site will help further regenerate the Finnieston and Clydeside areas, providing award-winning building design and living space in the heart of a popular, well-connected part of the city.”
Richard MacDonald, director at Keppie Design, said: “The PLATFORM_ Central Quay design has evolved to include an iconic feature tower which will greatly enhance the Clyde Waterfront and Glasgow’s skyline. The high quality public realm and design of the scheme will also significantly improve the area.
“We look forward to being able to play a role in sustaining Glasgow’s image as a destination city for living and working and being able to further contribute to Glasgow’s Clydeside regeneration drive.”