UK: Developer Dandara Living has submitted plans to Glasgow City Council to for nearly 1,000 BTR and PBSA units at Anderston Quay on the river Clyde.
Subject to planning, The Stores scheme overlooking the Kingston Bridge will deliver 503 homes for rent, and an additional 491 student units over three buildings.
The design includes additional public realm in the form of a new urban park, more than 4,000 square feet of commercial space and on-site resident amenities including lounges, coworking facilities, cycle storage and workshop, and two fully equipped gyms.
The main residential tower will be 27-storeys high, providing a major landmark with a rooftop viewing platform and residents lounge.
Rachel Allwood, planning director at Dandara Living, said: “Following a series of public consultations we believe our new application offers a terrific opportunity to create a development that reflects its unique and highly visible location. It also helps address the local authority’s desire to double the number of people living in the city centre by 2035 and deliver much needed purpose built student accommodation, creating a more sustainable and vibrant city.”
The news will come as a boost for the Scottish BTR sector which has seen a marked decline in investor confidence since the introduction of rent controls by the government.
