Grosvenor pushes ahead with next phase of Springside development
June 19 2015phase of their Springside development, opting for a private rental model for the Fountainbridge build.
Drawn up by Comprehensive Design Architects and HTA Design the plans call for p to 400 homes to be built and managed by Grosvenor on the brownfield site, in addition to a public square, commercial and retail space with rooftop and foyer community areas.
Grosvenor’s director of city centre developments commented: “This is an exciting time for Fountainbridge and we are committed to supporting the regeneration of the wider area for the long-term. Our proposals aim to provide homes, public spaces and amenities that will help the community grow and establish the neighbourhood as one of the best places to live in Edinburgh.”
Should planning permission be forthcoming Grosvenor intend to move on site with the first batch of 141 homes in 2016.
The build-to-rent market has taken off in British cities in recent months as institutional investors seek longer term returns amidst growing rental demand fueled by a worsening housing crisis.
Back to June 2015
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