Stewart expanding into west
Edinburgh developer makes first move into Glasgow
Chris Stewart Group has paid £5.1m for the buildings off George Square, which will be redeveloped to include serviced apartments, retail units and student flats.
The new development is intended to create a new nightlife destination around a new pedestrian lane through the buildings.
Chris Stewart Group is now restoring derelict Georgian buildings at Baxter’s Place, close to the Playhouse Theatre, which will become serviced apartments under the Marriott Courtyard brand.
The hotel fits with the city’s ambitions to deliver 4,000 new hotel beds over the next few years.
The three Georgian townhouses include one which was home to Robert Stevenson, the Scottish lighthouse engineer and grandfather to Robert Louis Stevenson who wrote Kidnapped and Treasure Island.
Chris Stewart is also behind the redevelopment of the former Royal Bank of Scotland headquarters in St Andrew Square which was previously owned by the Lithuanian former Hearts FC owner Vladimir Romanov.