New Town project steps up a gear as Orion outlines proposals
Site of development is at centre of photograph
Former RBS offices in the heart of Edinburgh’s New Town are poised to become a new neighbourhood of homes, work places and shops if current plans for developing the site go ahead.
The new owner of the building and the 5.9 acre site – Orion Capital Partners – is working with property company Ediston on a planning application.
They have not stated how many homes and offices would be included in the development. Earlier plans for 400 homes have drawn criticism from neighbours.
A concept master plan has been developed for more than 409,000 sq ft of development, with landscaping and pedestrian-friendly public spaces. There are also 228,000 sq ft of existing high-quality office and data centre buildings already on site, capable of being refurbished or reused.
Daily Business revealed in February that the bank was in talks to sell the site to London-based Orion.
Commenting on the current situation, Ross McNulty, development director for Ediston, said details of the new proposals were still being finalised.
“We are acutely aware that this site sits at the fringe of the World Heritage Site and our ambitions are to create a brand new quarter that extends and enhances the core of Edinburgh’s New Town,” he said.
“We’re determined that this will be a world-class addition to the city, and one of the best places in Edinburgh to live, work and come together.”
He said talks with local residents and other groups were ongoing.
Public exhibitions are planned for 11 September and 17 October at Broughton St Mary’s Church, Bellevue Crescent.