Blocked Sauchiehall Street student scheme returns with a warning
March 4 2024
A blocked bid to build student flats on the site of a former Sauchiehall Street department store is back with amended proposals to address councillors' concerns of an over-provision of student flats.
Cautioning that the street's retail glory days are behind it Savills advocate alternative uses for a site which is also assessed to have little occupier demand for hotel or office use, demonstrated by the collapse of a hotel buyer for the nearby Dunnes store and a lack of commercial tenants seeking large floorplates.
Warning of the scale of the challenge facing the street as it transitions from retail the real estate specialists warn: "... following on from the effects of key anchors departing or closing, Sauchiehall Street is characterised and has been for a long time by temporary occupiers.
"Furthermore, the extent of temporary occupiers who are on short-term lease agreements means the current vacancy rate of 14.47% is an artificial figure which does not truly reflect the challenges facing Sauchiehall Street and the retailing function it serves. It is estimated that up to 20% of the occupied units on Sauchiehall Street are currently let to temporary occupiers on rolling monthly leases which provides limited security on the vitality and vibrancy of the street moving forward."
Returning with tweaked proposals Fusion Developments and Matt Brook Architects have shrunk the Renfrew Street elevation by four floors to assuage concerns about overdevelopment.
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3 Comments
Eyes down for a full house as the Planning Committee now turns its attentions to the site bounded by Cheapside Street/Piccadilly Street/Warroch Street/Anderston Quay and the weird array of upturned shoe boxes with filing cabinet windows.The black and white panelled block, a particular low among an especially mediocre lot. Should be a stick-on.
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There has also been an appeal made to ScotGov about the original refusal, so there are two paths to seeing this ludicrous decision reversed