Planning permission has been granted for the proposed extensive regeneration of a Glasgow landmark.
Last April, Osborne+Co, a land development and investment company, submitted a planning and listed building proposal for the restoration of the former College of Building and Printing Tower for the 2014 Commonwealth Games, which was wrapped in a giant “People Make Glasgow” graphic sheet.
The plans include the development of office space of 120,000 square feet and the building of a hotel with 260 beds on 11 floors. Via a landscaped plaza which would also be open to the public, the hotel would be linked to the Met Tower.
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“The Met Tower is an integral part of the identity of Glasgow and we have worked closely with key stakeholders to ensure that our final proposal complements the surrounding area and provides a dynamic indoor and outdoor space that benefits from its central location next to Queen Street station,” said Will Hean, development director at Osborne+Co.
Glasgow Chamber President Stuart Patrick: It would be “appalling” for the city to succumb to the health crisis of decades past.
“In the real estate industry, which remains challenged because of the coronavirus pandemic, gaining planning approval comes at a crucial time. Despite this, we are committed to significantly investing in Glasgow.
“This is excellent news and a strong sign of continued investor confidence in the long-term future of Glasgow’s city center,” said Stuart Patrick, chief executive of the Glasgow Chamber of Commerce. It is a benefit that the office and hotel project of the Met Tower is situated within the Glasgow City Innovation District of the University of Strathclyde, and as such is the type of project that will help form the growing role of Glasgow in the future industries. It is also welcome to have a new public space in the heart of the city.
Osborne+Co said the redevelopment would reflect a £ 100 million investment when completed.
The developer said he worked closely with the City Council of Glasgow and partnered with organisations such as Historic Environment Scotland, Network Rail, the City of Glasgow College and the Scottish Futures Trust to ensure that his plans help the larger plan for urban growth.
As joint letting agents for the Met Tower, Savills and Ryden were named.