The Craighouse Partnership has submitted its planning application for the 51-acre campus site to City of Edinburgh Council.
The scheme is estimated to be worth £90m but plans have been scaled back in the face of local opposition, from 200 new homes to 153. Of these, 64 will be from conversion of the seven existing listed buildings and 89 from new build properties. Only 3.5% of the site will be built on, the majority of which is on car parks, tarmac or previously consented land.
The developer said that the plans for the site would deliver high quality new build residential accommodation while securing a sustainable future for the seven category A listed buildings and grounds after Edinburgh Napier University leaves the campus in May 2013.
The development plans have been prepared by Edinburgh based architects Oberlanders and leading conservation architects Simpson & Brown.
The Craighouse Partnership is led by Sundial Properties, whose managing director William Gray Muir said: “We have listened to local people and made substantial changes as a result.”
Other consortium members are Mountgrange Real Estate Opportunity Fund and the university itself.