Green light for £300m Candleriggs Quarter masterplan

A masterplan for the mixed-use transformation of Candleriggs Quarter in Glasgow’s Merchant City has gained planning approval.The £300 million redevelopment plan will see homes, offices, hotels, restaurants and a new public square delivered on the 3.6-acre city centre site, which is bounded by Hutcheson Street, Trongate, Candleriggs and Wilson Street.Drum Property Group and Stamford Property Investments announced a joint venture development following their successful acquisition of the site last year.A mixed-use application in principle for the whole site has been given the go-ahead along with detailed permission for the first phase of the development, a hotel with nearly 500 rooms.Mr Bone said it was hoped to get moving with construction as soon as they were able to get back to work.A separate development by the Student Hotel firm for a 500-bed complex is also planned and has been included in the approval for the wider development.Phase one will see construction of The Student Hotel on most of the street block bounded by Hutcheson Street, Trongate and Brunswick Street. The brand caters for long-term guests, which includes students, and will have a restaurant and bar, a business centre (co-lab), an auditorium, a gym and a retail unit.Plot B which will have around 350 build-to-rent apartments as well as a range of commercial units at ground floor, with a generous entrance lobby fronting Trongate, giving direct access to a communal landscaped courtyard at first floor in addition to a range of roof terraces giving views across the city.The other three plots will be suitable for office, residential and hotel use also with restaurants, pubs and an element of retail.