Haymarket Development Refocuses on Office Space
A proposed office space development in Edinburgh could help to create up to 3,500 jobs according to Tiger, the Irish developer behind the Haymarket Gap Site in the City of Edinburgh.
Following the dismissal of the sites original plans, which included a dominating 17-storey hotel, it is thought that the property developer will now turn its sights on more office space at the site with one office rising up to 10 storeys into the Edinburgh skyline ΓÇô a limit believed to have been suggested to the local council by recently commissioned landscape architect firm Colvin & Moggridge.
Stewart Taylor, a director at property firm CB Richard Ellis, was quoted in The Scotsman as saying there would be demand for such a tall office building within the city.
“The more higher levels you have, the more interest you get. If you can create ten storeys, you are double almost any other office in Edinburgh.ΓÇ¥
In addition to the office space which will be proposed for the site it is also believed that Tesco and Travelodge are keen to sign up for the development.
The Scotsman also highlighted the opinion of Charles Guest, partner and commercial property consultants Ryden who warned of a ΓÇ£black holeΓÇ¥ for office developments in the next few years, suggesting the completion of this scheme by 2013 may allow the development to catch the market at a good time.
If planning consent can be achieved Tiger would apparently seek to begin work on the site in the latter half of 2011.