The vacant city centre site on King’s Stables Road in the Grassmarket is set to become flats, student accommodation and a hotel.
The plans received a minded to grant consent last week at Edinburgh City Council’s development management committee, subject to the necessary legal conditions.
The proposals are being taken forward by a joint venture between Peveril Securities – the development arm of the Bowmer & Kirkland Group – and Campus Development Management.
The proposals also include improved public realm integrating the existing courtyard with new routes and courtyards throughout the development, including the enhancement to the setting of King’s Bridge.
The development includes:
- 59 residential units
- 92 bedroom boutique hotel
- 167 room managed student accommodation
- an arts Facility
- commercial units on the ground floor.
King’s Stables Road has been identified by the council as a priority for redevelopment. The site currently has former council offices, storage premises and workshops that have been vacant since 2009 and were put on the market by the council in 2014.
Charles Vyvyan from Campus Development Management said: “This is an exciting mixed use development which is proving very attractive to potential residents and occupiers alike, and will revitalise this neglected part of the city centre.
“This part of the Grassmarket is not viewed in a particularly attractive light and our exciting proposals will breathe much-needed life into this part of the Old Town providing residential flats, a hotel, student accommodation, and facilities to accommodate and promote the arts.”