Ediston has unveiled the latest design phase for its proposed development at the former RBS site in Edinburgh’s New Town.
Proposals for the 5.9-acre brownfield site, which is one of Scotland’s biggest regeneration projects, include new homes, build-to-rent flats, offices, a hotel, retail outlets, a gym and health facilities.
It is being delivered by property company Ediston on behalf of Orion Capital Managers, whose fund bought the site in May 2019.
Ediston is leading a major public consultation programme for the site, which sits between Dundas Street and King George V Park, before it submits a planning application to the City of Edinburgh Council later this year. This is being conducted online.
Ross McNulty, development director at Ediston, said: “Now, more than ever, we are 100% committed to progressing with our planning application this year.
“New Town North will provide a significant boost for the local area which will have a positive impact on local businesses – who are in desperate need of some good news right now.”
The New Town North development is expected to create more than 700 full-time jobs, while generating an annual gross added value economic uplift of £34.4m to the regional economy, according to research from planning and engineering consultancy The Waterman Group.
The site was previously RBS’ headquarters before the bank relocated to Gogarburn in 2017. The bank first developed the site in 1978 to provide offices and a data centre. Before then, the site was home to St Bernard’s Football Club, which disbanded in 1947.
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