March 9 2015

Artisan Real Estates Investors have begun work to build a 146 apartment apart-hotel behind the retained façade of the C-listed Sailors Ark building, connecting the Royal Mile to the £150m New Waverley development.

This will face onto a new  £6.5m public square and follows the beginning of work on twin new Premier Inn hotels, scheduled for completion by mid-2016.

Artisan project director Clive Wilding said: “The breakthrough to the Royal Mile marks a significant stage in the evolution of New Waverley, and its transformation of Edinburgh’s Old Town and the entire city centre area.

“We are now seeing New Waverley’s true scope and potential being delivered before us - a broad sweep of an historic part of the city integrating Edinburgh’s busy New Street and Market Street with Waverley Station and the Royal Mile. 

“The new public square, with stunning views over Calton Hill, will form a vibrant hub for this flagship mixed-use development and its surrounding area, creating an entirely new destination for Edinburgh. With it, we are creating the very heart of our development - a vibrant and pedestrian-friendly urban centre mixing open public spaces with high quality homes and offices, as well as restaurants, shops and hotels linking directly to one of the most iconic streets anywhere in the world.”   

The Alan Murray Architects master plan will ultimately provide 160,000sq/ft of office space, 28 shops, bars and restaurants and 148 homes.

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