Changes to key city site
More homes planned for King’s Stables scheme
The derelict site in the shadow of Edinburgh castle will now have five times more homes and will include commercial – probably retail – units at ground level.
Peveril Securities also wants to build a hotel and a courtyard at the rear of the site in King’s Stables Road in the Grassmarket area.
The number of homes will now increase from 11 to 59, with the student accommodation reduced by a third.
The development will now include:
· 59 residential units
· 92 bedroom boutique hotel
· 167 room managed student accommodation
· 650m2 of Arts Facility
· Class 1,2 and 3 commercial units activating the ground floor of the development
King’s Stables Road has been identified by the city council as one of 12 “priority” development sites seen as crucial to the capital’s economy.
The current mix of buildings on the site – formerly council offices, storage premises and workshops – have lain vacant since 2009 and were put on the market in 2014 by the council, which deemed them surplus to requirements.
A key driver for the development has been the potential for the commercial buildings that sit around King’s Stables Courtyard to function as an arts-led hub, creating a new destination which would be tied in to the city arts festivals.
Other updates include the revisiting of the roofscape and the removal of upper floors to the hotel, student accommodation and residential blocks in addition to the introduction of dynamic roof elements that respond to the context of the Old Town.
Peveril is the development arm of the Bowmer and Kirkland Group which is working with Campus Development Management to bring the plans to fruition.
Commenting on the amended scheme, Charles Vyvyan from Campus, said: “Following a review of the initial proposals submitted in December 2015, the scheme has been updated in response to market conditions, the consultation feedback and an ongoing dialogue with council planning officials.
“As we worked our way through the planning process we undertook extensive community consultation, engaging closely with the local community. We have taken account of this and have changed the balance of the mix of uses.
“The scale and massing of the proposed development has also been reduced, with the removal of upper floors. The current balance of uses in this exciting mixed use development 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, hotel, student accommodation, and facilities to accommodate and promote the arts.”