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EDI Group press ahead with Market Street hotel

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February 25 2014

EDI Group press ahead with Market Street hotel
EDI Group has submitted a proposal of application notice for the development of a long-standing gap site on Edinburgh’s Market Street, straddling the Old and New Towns.

JM Architects have been brought on board for the development which would entail demolition of an unlisted garage building,

Rising to seven storeys in height the new build property would incorporate associated bar and restaurant facilities.

A 12 week pre-application consultation for the 103 room hotel is currently underway; with a preview of the plans to be held at the City Arts Centre, fifth floor gallery, on 10 March between 15:00 and 19:00.

5 Comments

CADMonkey
#1 Posted by CADMonkey on 25 Feb 2014 at 14:14 PM
Why are the City of Edinburgh Council owned EDI Group developing a hotel?

Quote from their website, "Established in 1988 by the City of Edinburgh Council, EDI is a private company, owned by the council and run as an arms-length operation."

Eh??
The Bairn
#2 Posted by The Bairn on 25 Feb 2014 at 14:29 PM
Probably to make money thus paying for the perks and benefits a retiring council worker will qualify for...doh?
Cadmonkey
#3 Posted by Cadmonkey on 26 Feb 2014 at 00:25 AM
How can a "private" company be "owned" by city of Edinburgh council?

If it is owned by the council why are they progressing a speculative hotel development? No mention of an operator.

Why not sell the land and pocket the sale price pass the fee costs onto private sector who will develop something they really want?

Seems public servants are playing at being developers with public money. That surely is not on.
Barc
#4 Posted by Barc on 26 Feb 2014 at 13:17 PM
Maybe they are looking to sell the site on with perimission, therefore generating more money from the sale? The site looks like its been vacant for many years so its surely a good thing something is being done.
Sven
#5 Posted by Sven on 5 Mar 2014 at 11:34 AM
Another large hotel in Edinburgh city centre - great. Part of Edinburgh's charm is that local people of all classes live in or near the city centre. Princes Street used to be used by locals and now it is a tourist trap just as High street has become. Over the past 10 years or so, with less locals and more tourists and associated hotels, serviced apartments and student flats, Edinburgh has been hollowed out. It is a good use for Market Street as it is now dead space. it is very visible from Princes Street and North bridge. A facade of sandstone with vague classical detailing like SoCo would fit the area. Some glass any town anywhere will not.

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