Change of tack sees Glasgow hotel pivot to student flats
February 27 2024
A bid to build a landmark hotel in Glasgow has gone back to square one with the developer seeking a change in use to student housing, despite obtaining consent for a hotel.
Citing unspecified economic changes for the volte-face PMI Developments and Peveril Securities wrote: "Due to a number of factors, the viability of hotel use has been negatively impacted by market forces over the past 12-18 months, and thus the hotel operator couldn’t proceed.
"The need for regeneration of Sauchiehall Street is well documented and we are keen to progress with our plans to invest in the area, tackle a derelict building and introduce vibrancy and increased footfall. Changing the use to Purpose Built Student Accommodation (PBSA) allows us to proceed with our investment plans."
Retaining the consented design by Haus Architects, whose services are being retained to ensure continuity, the new proposals for 19-21 Cambridge Street will adhere to the same materials palette and massing - while leaving the door open to 'developing this further to suit the revised use'.
Hotel approval was granted on condition that materials from the existing building are salvaged and re-used post-demolition.
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