UK: A planning application has been submitted for the regeneration of Glasgow’s Charing Cross area.
The application has been made by CXG Glasgow, a subsidiary of Tracey Investments, owners of the Venlaw building and Elmbank Gardens, in conjunction with the owners of the property at 300 Bath Street.
Planning Permission in Principle is being sought for a £250 million masterplan in two phases, the first of which covers proposals for student accommodation and a GP practice. Phase two includes a mixed-tenure housing development, office space and a hotel. The removal of the Tay House bridge over the M8 also forms part of the plans.
The masterplan has been devised by Michael Laird Architects and has the backing of Glasgow Chamber of Commerce chief executive Stuart Patrick, who said: “The city’s three main universities have confirmed a strategic aim to grow their student numbers in the years ahead and accommodation has to expand in line with that, especially when you consider how limited the options are at the moment,“ he commented. A development like this caters for that need while plugging into ongoing plans to transform a key part of the city’s traditional retail and hospitality artery. It’s no secret that Sauchiehall Street has seen better days, and this application presents an opportunity to galvanise an iconic area of the city and re-establish it as a dynamic accommodation and business hub.”
