New images showcase New Town North as project consultation opens

Developers have reaffirmed their commitment to delivering one of the largest regeneration projects to take place in Edinburgh for a generation with the launch of an online consultation and the release of new images illustrating the latest design phase of the development.Led by property company Ediston on behalf of Orion Capital Managers, whose fund bought the site in May 2019, New Town North is set to transform the 5.9-acre former Royal Bank of Scotland site in the capital’s New Town.Proposals include a mixed-use development replacing existing buildings with new homes, build-to-rent apartments, premium office space and a high-class hotel. Also planned are retail outlets, gym and health facilities together with extensive landscaping and new public realm.Ediston is currently leading a major public consultation programme for the site, which sits between Dundas Street and King George V Park, prior to submitting a planning application to the City of Edinburgh Council later this year.The developer launched the online interactive consultation following the cancellation of the previously planned public event following the coronavirus outbreak. The consultation can be viewed by logging on to the New Town North website.Research shows the New Town North development is poised to bring significant economic benefit to the local area and wider Edinburgh economy, following the closure of the RBS building in 2017 which employed more than 2,500 employees on the site. The report by UK planning and engineering consultancy The Waterman Group and commissioned by Ediston reveals that the operational phase of the development would create more than 700 full-time jobs whilst generating an annual GVA (Gross Added Value) economic uplift of £34.4 million to the regional economy. The construction phase alone would create a further £27.7m GVA at a regional level, creating a further 60 full time jobs. # COVID-19