The major urban renewal project will continue the regeneration of the Clyde riverside and comprises a vacant 4.43-acre site adjacent to the existing high-quality office building of 80,000 sq ft at 2 Central Quay, located between the city centre and the west end at Anderston, immediately adjacent to Finnieston.

Summix Capital is seeking to deliver a mixed-use development comprising residential, purpose-built student accommodation, and commercial uses (including food/drink and retail uses), with associated landscaping/public realm, parking and access to a range of sustainable travel options.

The development site, formerly the Harland & Wolffe Finnieston Diesel Engine Works, has lain derelict for over half a century. The proposed regeneration will deliver more than 400 homes for private sale and provide additional student accommodation in the city.

Architects 3DReid and Graeme Nicholls Architects have designed the development, with Re-form handling the landscape, Turley acting as planning consultants and Arcadis as project manager.

The design of the new neighbourhood is aiming to meet recognised net zero carbon standards in operation, Summix said.

It includes features to reduce embodied carbon through its choice of materials, plus extensive use of renewable energy and sustainable urban drainage. Biodiversity will be improved through planting and green spaces featuring high quality roof gardens, children’s play areas and a new public plaza.

The site already benefits from planning permission in principle for a mixed-use development. This includes offices, residential, hotel, and associated ground floor commercial uses with access, parking, landscaping and associated works.

A representative from Summix Capital said: “We are delighted to be submitting a planning application. This truly mixed-use development represents a significant investment in Glasgow, providing much-needed housing and student accommodation, as well as commercial space.

“Located on a brownfield site, this major urban renewal project continues the regeneration of the Clyde riverside and follows extensive community consultation.”