The timeline can be used to visualise how the twelve sites can be prioritised; via current developer/ investor interest, planning status and strategic importance.;xNLx;;xNLx;
The most recent planning application for 1 Shrub Place was submitted by GL Hearn, on behalf of the administrators of the site (Drivers Jonas Deloitte). This application is for a mixed use retail/ residential development. GL Hearn have advised that if this application is approved, they will be putting the site on the market as soon as possible.
Planning permission for a mixed use development was granted in 2007. A new application has been submitted for the demolition of 6/7 St Andrew Square and the construction of new floor plates at upper levels, with a reconstruction of the facade. This application (13/03955/LBC) is under consideration and a decision will be issued following feedback from Historic Scotland.
A campaign will begin in the second half of 2013 to secure the necessary office pre-lets needed in order for The Haymarket to progress successully. Pre-lets are already in place with an aparthotel operator and retailer in Haymarket 2, and other retail pre-lets have been agreed at Haymarket 5.
Quartermile is sold by Gladedale Capital to Moorfield in a multi million pound deal.
At the Finance and Budgets Committee on 29 August 2013, an application for a loan of almost £38m was approved from the Council to two RSL's, for the construction of 341 affordable homes on the 1 Shrub Place site.
Quartemile owners Moorfield pledge to invest a further £170m into the development in order to complete construction by 2017.
After original planning permission was renewed for further three years in March 2013, the site owners Artisan have now prepared and submitted an alternative scheme. If approved, this would involve a mix of leisure, retail and offices, which links New Street and East Market Street with Waverley station and the Royal Mile. There will also be a civic square, and around 36 afforable homes. It is expected that the decision on the updated planning application will be made by Spring 2014.
Updated planning application for the Caltongate development is to be decided at the Development Management Committee on 29 January 2014.
Network Rail are to carry out repairs to the tunnels that run beneath the Haymarket development site. It is required that these repairs are completed before the top soil can be removed; and the foundation for the basement car park and all the buildings can be redeveloped.
If the new planning application is approved, it is expected that construction on the Caltongate site will begin by spring 2014. The 36 affordable units at the Calton Road side of the site are also expected to be completed within the 2014/ 2015 financial year.
A unique new funding model has been developed in partnership between the Council, the Scottish Government and HGI. Called the Growth Accelerator Model, it has led to a new investment of a further £61 million in public realm for the £850m Edinburgh St James development. The project will also provide for a new energy centre, a permanent shopability scheme, a new training and skills academy, significant parking facilities for cyclists and new electric car changing point.
EDI Announced as the developer for the Former Brewry Site
Planning Consent (Reserved Matters) is to be re-submitted in 2014. The original redevelopment proposal includes a three level shopping mall linked to Picardy Place, Princes Street and Leith Street, as well as Multrees Walk. In addition, residential accommodation and a hotel will be built on the upper levels, with an 1800 space car park beneath. The consent for this scheme was originally granted in 2009.
Application submitted to amend consent for mixed use development, and enable Haymarket 3 to operate as a hotel rather than Grade A offices, and also make modifications to Haymarket 4.
A second hotel operator potentially to be confirmed by this time. There is already a successful aparthotel operating on the site, managed by Mariott.
Dependent on sufficient funding, it is anticipated that a site start for the St James Quarter development will begin in mid to late 2014.
Paul Wheelhouse MSP Officially opens the Fountainbridge Greening project
Bouroughmuir High School build on site
Completion of luxury apartments (Phase Q22) at Quartermile in late 2014. This is comprised of 31 one, two, three and four bedroom apartments. Gladedale Capital, the developer at Quartermile, is investing £10m in this new phase.
EDI granted PPP consent
Standard Life announce 108,00 sq ft pre let at 3-8 St Andrew Squre
Provided that the Network Rail tunnel repairs are successfully completed, the foundation works for the Haymarket development can commence by the end of 2014.
Occupier demand is needed in order for the two remaining office buildings to be constructed at Quartermile; with pre-lets of approximately 50% being required. Office supply has begun to tighten within the city, which could have a positive impact on the pre-lets at the site. Based on the information available, potentially it could still be some time before this level of interest is achieved. An estimated date for this is early 2015.
Anticipated date of consideration of planning application
Anticipated receipt of vacant possession
Anticipated completion of tunnel works
Premier Inn hotels completion date is now set at mid-2016
Depending on the successful completion of the Haymarket tunnel repairs and timely start of the foundation works; the estimated delivery timeframe of Haymarket Staycity aparthotel is the second half of 2016.
Potential review date for the Dewar Place masterplan (originally produced by London developer Hines), leading to the updated design and eventual development of the site. This is dependant on whether Iberdola/ Scottish Power are interested in considering future prosepcts for the site, after the decommissioning of the current electricity sub-station and completion of their Glasgow HQ.
Following the delivery of the Staycity aparthotel, the estimated delivery date of The Haymarket offices is early 2017.
Dependent on the results of the updated planning application and the progress of construction, it is anticipated that the Caltongate development could be completed by late 2016/ early 2017.
If sufficient demand for office space becomes available in 2015, it is aniticpated that the two remaining office buildings at Quartermile will be completed by mid 2017.
Dependent on the 2014 site start, the St James Quarter development could be completed by late 2018, early 2019. This is based on the timescales provided by the site's owners, Henderson Global Investors.
Approximately 28,000 construction jobs would be created during the development of each of the sites. This is in addition to approximately 20,000 FTE/ induced jobs once the sites are completed.
GDV for the twelve sites is estimated at £2.14 billion.
If the twelve sites are successfully developed, they will have a huge physical impact on Edinburgh's landscape. This includes 1.4 million sq ft of new Grade A offices, 1.3 million sq ft of retail and leisure, 1500 new hotel bedrooms and 1650 residential units.
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