Construction start sees dereliction turn to delivery at Candleriggs Square
May 18 2021
Drum Property Group has begun preparatory works for a 500-bedroom hotel as part of the £300m Candleriggs Square development in Glasgow's Merchant City.
Construction is expected to begin in earnest this July on the first element of the major brownfield regeneration initiative, ending a decades-long saga of dereliction for the prominent city centre site which has lain largely unoccupied since 2002.
The phase one building, designed by Stallan-Brand with Halliday Fraser Munro as delivery architect, is to be owned and operated by The Student Hotel (TSH), specialists in a hybrid hospitality model that also provides spaces for co-living and co-working as well as conference rooms and a fitness centre.
Charlie McGregor, founder and CEO of The Student Hotel, said: “Our pioneering hybrid hospitality model will allow us to configure our new location and adapt it to the rapidly evolving realities of the market. TSH’s model has already proved its resilience in the Covid-19 environment, and we now have the operational expertise to keep our buildings safe, with our well designed extensive common areas ideally suited to the demands of different types of visitors.”
Graeme Bone, managing director of Drum Property Group, adds: “Candleriggs Square is set to become a much-needed catalyst, kick-starting an exciting future for the city centre as it starts to recover following lockdown."
Subsequent phases of construction at the 3.6-acre development will include 346 apartments for the build to rent market which are expected to break ground later in the year.
Candleriggs Square is being delivered as a joint venture with Stamford Property Investments.
You think that a vacant site is better for the economy than a 500 bed hotel?
I imagine you think Sturgeon's unicorn state is a great idea too, and wont impact our standard of living?
Have a day off, maybe a shower. Go for a walk, get some fresh air. Step away from the screens. You can resume tomorrow.
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