UK: Glasgow City Council is set to sell unused land on Martha Street to developer Chris Stewart Group for £5.1 million.
The developer plans to build 59 serviced apartments, 375 student flats and 23,688 square feet of commercial space.
Plans for the site, which is in the Glasgow Central Conservation Area, include retaining and refurbishing two listed buildings, adding a new build extension to the rear of 280 George Street and creating a new bar-restaurant on the ground floor of 266 George Street. The vacant site will be used for student accommodation with shops at ground floor level.
Liz Cameron, the city council’s jobs and the economy spokeswoman, said: “If approved at committee, the development of the George Street complex will see new life for these key buildings in the heart of Glasgow. The proposed student accommodation, serviced apartments and retail and leisure uses meet identified needs in the city and the new lane will create a new nightlife destination.”
A spokesman for the Chris Stewart Group, which also owns the Old Town Chambers serviced apartments in Edinburgh, said: “This is an exciting development opportunity with the prospect of delivering a unique city centre environment. By harnessing the potential of the existing listed buildings and creating a new lane with its own identity, our plans are to open up the area for everyone to enjoy.”
www.chrisstewartgroup.com</p
