Clydeside tower raises build to rent stakes
September 24 2018
A slow burning build to rent revolution in Glasgow has taken another step forward with the submission of a 500-home waterfront PRS scheme at Central Quay.
The £90m development is being spearheaded by developer, property manager and investor Platform_ which has selected the Clydeside for the latest stage of its UK expansion.
Building on an earlier application for planning in principle the latest plans have been conceived by Keppie Design as part of their 300,000sq/ft Central Quay masterplan - which also includes 300,000sq/ft of office space and a 150-room hotel.
Offering a range of accommodation from studio apartments through to three-bedroom flats the scheme will incorporate its own shared residents lounge, concierge, roof terraces, gym, games room and a co-working space.
Keppie director Richard MacDonald said: “The Platform_ Central Quay design has evolved to include an iconic feature tower which will greatly enhance the Clyde Waterfront and Glasgow’s skyline. The high-quality public realm and design of the scheme will also significantly improve the area.”
All being well construction work could commence by the second quarter of 2019, completing by summer 2021.
Supergrid architecture - Meh Bleh Bleh
Not sure the number stack up -- £90mill development cost for 500 units points to an average rent of £1500 per month for a one bed flat. Heroic would be my thoughts on this.
I just sometimes worry why Glasgow, apparently uniquely, has such glaring gapsites and vacancy in potentially prime sites like the Broomielaw, Candleriggs, Bellgrove, Greendyke, Gallowgate, Gorbals Street, Tradeston, Woodside up to the Canal at the Wharf, among others, that continue to remain undeveloped- in what other major European city does this happen? I do find this recurrent miscarriages of development & the slow pace of consented sites to be utterly bewildering. Is it something to do with the perception of Glasgow in the big centres of capital, mainly London? Is it an optical problem? Are we still viewed through a culturally stereotyped prism? Is it the legacy of self determination lazily categorised by the Metropolitan media as 'anti-business' etc? Is it partly the city's own inferiority complex- the conditioned inhibition for bigging ourselves up as a city 'open for business'? Is it a question of intensified generational habituation to sub-urbanisation & car dependence that impedes urban renewal? Is it a combination of all these factors & other variable we cannot yet identify? Nonetheless it is a mystery.
I'd say it has more to do with the death of Bank of Scotland, the downsizing of the Clydesdale and the transformation of the RBS into a fetid husk. The non-Scottish banks didn't tread much into Scotland pre-2008 and haven't done much to build any significant presence since, while the zombies of what was once the Scottish property lending sector have become so risk-averse and indigenous developers have suffered so many liquidations since then that what we're left with is the occasional foray into Scotland from those whose portfolio is expanding and upon having a look at Glasgow they think, 'why not? So long as it's cheap...'.
The returns for the rental sector in Glasgow significantly outweigh those of London (if we discount the long-term prospects for capital growth). However, planners seem determined to accept any old value-engineered pish that will need to be torn down or ignored within a couple of decades.
For example you can drive through Castlemilk into 'South Lanarkshire' at Spittal, onto Fernhill, Rutherglen, Cathkin,Burnside, Cambuslang & absurdly at prospecthill Road a part of Toryglen suddenly vanishes into 'Lanarkshire'- its plain crazy. And on the other side of Glasgow you are rather arbitrarily transformed from Glasgow to East Renfrewshire at Clarkston, Busby, Giffnock, Newton Mearns etc- with the madness continuing in the North of the City with Bearsden, Milngavie & Bishopbriggs all coming under 'East Dunbartonshire'. Not only does this confusing & arbitrary marking of local authority lines skew population metrics it more significantly warps the 'sick-man-of-europe-skirvers-battered mars bar' only reinforces the metropolitan image of Glasgow we are all continually confronted by. Its high time these places paid their way towards the upkeep of the core & were incorporated into a system of Glasgow wide boroughs (as most other great European cities do) & even including Clydebank, Dalmuir, Duntocher etc & Renfrew, Barrhead & even parts of Western Lanarkshire- these places could be recompensed by mass appeal of tourist marketing through the Glasgow 'brand' & incentivised via upgrades to transport infrastructure etc...I know these are way off topic but nonetheless are interesting issues of debate for the future of the city
The splintering of the city into smaller fractions sees a large number of suburbanites view the city as somewhere else, a place where you might work, socialise or shop but to which you should contribute nothing while simultaneously whining about how the city needs to get its act together. For a few years, I was a poor, displaced Weegie, cast adrift in the unforgiving tundra of East Dunbartonshire and the sheer number of Bearsden philosophers who took all they could from Glasgow while defining themselves as being 'other' was something I found staggering. No harm to Bearsden, but having a decent tapas bar and a dry ski-slope isn't something that should swell its denizens with civic pride.
Suburbanites: you're Glaswegians. Learn to love it. It's where you live. Help make it better.
Sort out the local authorities in the west of Scotland. Redraw boundaries to create Glasgow boroughs. Get a rail link to Glasgow's biggest airport. Expand the subway in conjunction with a rebrand of the overground, run high frequency smaller trains and create a Glasgow transport network, rather than a national one. Offer grants to those willing to develop derelict land and buildings. Renovate the Egyptian Halls, through compulsory purchase if required. And most importantly, sort out attitudes within the city.
We are the largest city, the only big Scottish city, almost half the country lives in and around here, it has stunning architecture and an amazing arts and cultural scene. Great nightlife. A very educated workforce. The most international and diverse population in the country. Fantastic shopping. A strong economy. Its time to get the ambition and pride to match.
Pulls demand out of the city centre as the property chain expands on the outskirts and people move out earlier than in other cities.
This week's piece was based of population projections which was very silent on the root cause -- official Glasgow keeps losing areas while Edinburgh is allowed to expand.
South Queensferry -- they really are having a laugh now.
The Auld Reekie city region climbs above one million in population because they include the Scottish Borders and Fife into gerrymandered locality that would have made Gerry blush.
All so that they can pour money into a few square miles centered on a castle.
Whilst Glasgow has prospered on an international stage in the last 30 years, this seems to have been limited to sport, music and culture.
As mentioned far too much inner city land is still disused as much as 40 years since it was last in use. Large tracts of IFSD remain undeveloped almost 30 years since this started. The great white hope of the 90's is nothing more than a damp squib. This isnt just a blip. And not merely a direct result of the crash 10 years ago. It surely has to do more with structural and leadership issues within the city.
I would be keen to have the suburban areas tacked onto the city's boundary. My view is you wouldnt have your fancy houses and green spaces without the city so pay in to its upkeep.
WE have watched/allowed the city to shrink over the last half century and no debate has been had to halt and reverse it.
Hopefully they are not zombies on someone's balance shet with pre-crash valuations that just do not fly at the moment.
I fear their only hope is SkyPark jumping the M8.
I do however, think it's a conflict of interest to have two competing airports owned by the same company.
I'd like to see a dedicated high-speed rail link between Edinburgh city, EDI airport, Glasgow city and GLA airport. That way, folk could get from one to another with relative ease. Maybe if Musk's Hyperloop evolves from a pipe dream into something as quick and affordable as promised then that may be feasible? Extend it to Aberdeen and Dundee? Glasgow to Aberdeen in half-an-hour? I don't know, just flying kites.
I fear we are going to repeat the scenario four hundred miles to the north with the added embarrassment that the capital involved was neither the largest city, the cultural leader or the economic powerhouse of the nation involved.
Looking back the "Bonn" option based around Stirling / Alloa / Dunfermline would have made more sense.
let's at least acknowledge the facts here - have you been to Sauchiehall St recently? the entire western end of it is undergoing a £7m revamp! And Argyle St is set to see about £2m spent doing similar...
Who will see the benefit for all this spend?
What happens after it is finished?
Questions 2. Residents, visitors and businesses.
Questions 3. The world will be a much better place.
Questions 2. Residents, visitors and businesses.
Questions 3. The world will be a much better place.
No matter the quality of the streetscape -- will the litter be picked up?
If the litter is picked up in the "Avenues" what about the rest of the city?
Then you have the design itself -- fussy and over complicated to the point of absurdity. Looks like the amino acid junky involved in the design is more interested in justifying the cost by expanding the design and workload to justify the spend.
Separate bike lane -- waste of space and a danger to pedestrians and that is before e-bikes at 25Km/hr become the norm.
Then you have the even more basic question of why the focus on bikes when we have the issue of the weather that cuts off low intensity / leisure cycling at the knees in West Central Scotland.
Pavement renewal is not economic investment.
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