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Capella Square up to recession

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April 17 2009

Capella Square up to recession
Capella Group have unveiled revised plans for the next major expansion of the International Financial Services District (IFSD), Atlantic Square.

Designed by GD Lodge architects (following BDP’s departure) the phased £90m hotel, office, leisure and retail development will span derelict land between James Watt St and York St with two office blocks weighing in at a hefty 161,000sq/ft, 14 floors and 66,000sq/ft, 9 storeys respectively.  

In fact, with the demise of Gladedale’s 220 Broomielaw, Atlantic Square now constitutes the tallest planned commercial premises in the IFSD and is beaten into second place only by the European Development Companies Bothwell Plaza.

Diversifying this commercial concentration will be a 150 bed hotel, health club and conference centre situated behind the A-listed façade of a former tobacco warehouse, contributing to some 22,000sq/ft of ground-floor retail and leisure space across the estate.

Centrepiece of the scheme will be a glazed courtyard providing enhanced pedestrian connections through the IFSD, intended as a “heart” for the Broomielaw area the space will provide amenity for workers, residents and visitors to meet and relax.

Thus far Glasgow City Council have granted the scheme outline permission but Capella have no immediate plans to move on site, preferring instead to first let out the under construction Capella building in their neighbouring Atlantic Quay development and await an improvement in the financial climate.

Capella Group with GD Lodge are also currently progressing plans for the Broomielaw Pavilions project on Glasgow’s newly revamped waterfront.
Capella Square up to recession
Capella Square up to recession

Capella Square up to recession

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