New images have been published of New Town North, one of the largest regeneration projects to take place in Edinburgh for a generation. They have been revealed as part of an online public consultation event, launched in April, illustrating the latest design phase of the development to the local community.
The development is one of Scotland’s largest brownfield regeneration projects and will transform the 5.9-acre former Royal Bank of Scotland site in Edinburgh’s New Town.
The developer launched the online interactive consultation following the cancellation of the previously planned public event following the coronavirus outbreak.
Ross McNulty, Development Director at Ediston, said: “Now, more than ever, we are 100% committed to progressing with our planning application this year.
“New Town North will provide a significant boost for the local area which will have a positive impact on local businesses - who are in desperate need of some good news right now.
“This is our third consultation event and provides an opportunity for the local community to have a clearer idea on how the development will
look - even if they can’t attend an exhibition in person. Our team is working hard to be ready for significant engagement with residents to make sure they all have their say in our proposals.
“We are aware that this is a complex and large brownfield site with important links to some of Edinburgh’s finest streets and green spaces, and we are making sure we consult properly with local people to deliver a high-quality development.”
Proposals include a mixed-use development where existing buildings will be replaced with new homes, build-to-rent apartments, premium office space and a high-class hotel. Also planned are retail outlets, gym and health facilities together with extensive landscaping and new public realm.
The Waterman Group, who were commissioned by Ediston, revealed that the operational phase of the development would create more than 700 full-time jobs whilst generating an annual GVA (Gross Added Value) economic uplift of £34.4m to the regional economy. With the construction phase creating a further £27.7m GVA at a regional level, and a further 60 full time jobs.
McNulty adds: “From our discussions with the local business community, we are aware of the impact that a large redundant site can have on the local area – and the huge potential of creating a new attractive destination and focal point for the area.
“Our research highlights the significant investment benefits that this high-quality development would bring to the Edinburgh economy, as well as helping to meet the pressing need for high quality new homes and office space.
The New Town North development site was formerly the headquarters of the Royal Bank of Scotland. It is being delivered by property company Ediston on behalf of Orion Capital Managers, whose fund bought the site in May 2019.