Student housing to take the place of dropped Glasgow apartments
March 21 2023
Alumno is to host a drop-in session outlining their proposals to erect student accommodation at the corner of St George's Road and Grant Street in Glasgow City Centre.
The pre-application event will take place on Thursday between 14:00 and 19:00 at the Mitchell Library, during which Barton Willmore will set out their vision.
Replacing a Page/Park apartment scheme, dropped after site clearance when the previous owners sold the land on, the current proposals build on the approved massing.
In a statement, Alumno wrote: "It is important to note that planning permission and conservation area consent was granted relatively recently (March 2019) for a major residential development on this site...
"Unfortunately that development, whilst progressing to the demolition of the previous car showroom buildings on the site did not progress to development and the previous owners have opted to sell the site instead."
A planning application is expected later in the spring.
Everyday market failure -- build or someone else will capture the hyper yields generated by the current high demand.
All about timing -- in early and you get the big rents / develop a presence ...
Everybody builds and there will be a glut.
Good for Glesga -- competition / rents will subside / the developments will look for new business.
When it all calms down we can go back to building hotels / white collar starter flats.
All part of the campaign to re-purpose the city centre and get more people living in at its heart.
there are a few years of student accommodation new build required to catch up with current numbers. did you not read the local press over freshers being advised not to assume the uni's would provide accommodation?
Don't think that there is over provision in the area as many are rented flats which have the same short term occupation as students.
white collar starter flats? what about blue collar workers - dont they deserve city accommodation so they can have a faster response time when you demand their services? (flat battery on your Tesla or whatever)
Today's CGI is 2026's room for rent -- the world never mind the market will be a lot different in three years time.
The student box pipeline is filling up at a rate of knots and will soon be overflowing.
The economics vs flats = interesting.
Flats are cheaper but more effort.
You have the issue with finding one / finding a good one if you want to rent.
Funding the deposit if you want to buy.
Horses for courses.
Not today as originally stated.
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