£250m Charing Cross 'gateway' to bolster city living
August 16 2023
London and Scottish Property Investment Management (LSPIM) are promoting a 'once in a lifetime' opportunity to regenerate Glasgow's Charing Cross district.
Charing Cross Gateway (CxG) would encompass the existing Tay House office block at 300 Bath Street and Elmbank Gardens over at Newton Street and Bath Street. Separate planning applications are being prepared for both sites by the end of the year as part of a single masterplan.
Elmbank Gardens, the first element of the scheme, would replace outdated office space with a 600-bed student accommodation building. A complementary reimagining of Tay House would follow, providing a mix of apartments, office space and public realm with a declared combined investment value of £250m.
Raising expectations for the site beyond that of a recent application for renovation LSPIM declared: " Importantly, this will create a new gateway into the city that is currently not fit-for purpose and requires significant investment.
"If approved, CXG will see the creation of a high-quality, new community and a stand-out gateway to the city centred on placemaking and sustainability."
An initial consultation will take place on 22 August between 14:00 and 19:00 at 300 Bath Street.
Elmbank Gardens is not expected to welcome students until 2028 with the redevelopment of Tay House ruled out until the end of the current building's lifespan, projected to be in the mid-2030's.
7 Comments
A lot of real stuff could have been build with the vast sums of money paid out of 'consultants' over the years.
Sorry about that. Link fixed.
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- also the article links to an Edinburgh City Council application