CityCyclingEdinburgh Forum » General Edinburgh

"Fountainbridge set for £215 million transformation"

(13 posts)
  • Started 8 years ago by chdot
  • Latest reply from Murun Buchstansangur

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  1. chdot
    Admin

    http://www.edinburghnews.scotsman.com/news/business/fountainbridge-set-for-215-million-transformation-1-4381892

    Presume this means there's a planning application in?

    Chance to replace zig-zag ramp?

    Posted 8 years ago #
  2. chdot
    Admin

    "

    Edinburgh’s city centre is to benefit from a £215 million development that will deliver more than 500 new homes for rent in the Fountainbridge area, as well as the purchase of nearly 50 existing private rented homes.

    Moda Living, with joint venture partner Apache Capital, bought the Springside site “off-market” from property group Grosvenor with the aim of constructing a “build-to-rent village” in the heart of the city.

    "

    http://www.scotsman.com/business/companies/edinburgh-to-get-new-215m-build-to-rent-village-1-4381877

    Posted 8 years ago #
  3. LaidBack
    Member

    "Designed by CDA architects, the new housing will sit alongside 25,000 square feet of new-build commercial space consisting of shops, bars and restaurants. The project will also include a gym, communal lounges and roof terraces, as well as communal gardens and a new public square."

    Glad to see it includes a gym ;-) Important to keep the population fit. Although we've now got more gyms and more obesity. Still imagine how bad it would be without them.

    Posted 8 years ago #
  4. gembo
    Member

    Is this like the London phenomenon of post student flats?

    Posted 8 years ago #
  5. Nelly
    Member

    " we've now got more gyms and more obesity. Still imagine how bad it would be without them "

    Quite, its part of the "exercise must be organised" lie.

    Some overweight people think gyms will move their flab without a change to diet as well.

    Also, lots of them sit on machines pushing weights - that ain't going to do it.

    Mass cycling to work would solve a lot of our obesity at a stroke, although we are so far away from joined up thinking (health versus transport infra costs) that I worry for the next generation.

    Looking round my office, we are not far away from having mobility scooters in the workplace.

    Posted 8 years ago #
  6. neddie
    Member

    The cut through on Melvin Walk is currently closed. Workies reckoned it might only be for "a couple of days" (LOL). The pedestrian diversion southbound dumps cyclists on to the one-way Grove St - the wrong way!

    Untitled by Ed, on Flickr

    Untitled by Ed, on Flickr

    Posted 7 years ago #
  7. dougal
    Member

    @nedd1e_h Aye, was dumped into the one-way system last night, thinking "this can't be right...".

    I take it the "no road works during the festival" rule, whatever it's actually called, only applies to motorised traffic? There's still plenty of pavement that's been blocked off or otherwise impeded (don't even get me started on pavement parking), which seems doubly-daft during the festival.

    Posted 7 years ago #
  8. neddie
    Member

    RE: Melvin Walk. From South West Locality - Roads:

    Unfortunately, there has been a misunderstanding with the developer. A Temporary Traffic Regulation Order (TTRO) is required and agreement with The City of Edinburgh Council to close any footway. The developer was under the impression that due to the fact this footway was not adopted by The City of Edinburgh Council for maintenance this agreement was not required. I have now sent an instruction for this closure to be removed until the required agreements and TTRO is required.

    Posted 7 years ago #
  9. chdot
    Admin

    Ho ho

    Well done.

    Posted 7 years ago #
  10. Fountainbridge
    Member

    nedd1e_h - who was the email from? (first name only)

    South West Team are now ignoring me.

    Path is still closed as of 3pm Sunday

    Posted 7 years ago #
  11. Murun Buchstansangur
    Member

    "Apache Capital Partners and Harrison Street’s UK multifamily housing platform is funding a £215m (€247m) build-to-rent (BTR) development in Edinburgh.

    The joint venture is funding the Springside scheme, which will include 476 new homes alongside 48 existing, fully-leased studio, one- and two-bedroom apartments. Work is expected to begin later this year, with completion expected in 2022."

    https://realassets.ipe.com/news/apache-and-harrison-street-to-fund-215m-edinburgh-btr-development/10044990.article

    "Robert Mathias, senior managing director and head of international business for Harrison Street, said:

    ...

    “However, Edinburgh suffers from a significant lack of viable residential rental housing options given there is virtually no purpose-built accommodations in a city where nearly a quarter of the population are renters."

    Hmmmm

    Posted 5 years ago #
  12. crowriver
    Member

    That business case will look a bit shaky now that the AirBnB flats are back on the long term rental market...

    Posted 5 years ago #
  13. Murun Buchstansangur
    Member

    £215m/476 = £452k per unit

    Does not compute

    Posted 5 years ago #

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