- Published: 17 August 2015 17 August 2015
The Trust has had a busy summer with consultations on major development sites at India Buildings and Kings Stable Road. Including New Waverley these are the 3 projects in the Old Town included in the city’s Edinburgh 12 initiative - developments they regard that can be delivered quickly (the nearby Royal High School is also included).
All these sites include the sell-off of substantial council-owned land and the Trust is shocked that the long term benefits to the residents of the Old Town is not being considered. The Council has failed to direct these developments beyond what the market alone can deliver. Predictably, hotels, is the only use that can attract the capital receipt targets identified by the Council.
The proposal for the ‘India Buildings’ site is a 267-bed hotel. The vast site has been achieved by combining the privately-owned landmark building at Victoria Street with 3 council properties - the abutting No’s 11-15, the gap site at the Cowgate (immediately west of the central Library) and Cowgatehead Church. Remarkably a single hotel corridor connects all, running the depth of the block and back.
The purchase by Dreamvale Properties Ltd, developers behind SOCO, is dependent on planning permission and an application is likely in August or September.