A developer has applied for permission to build a £150m mixed use scheme in the centre of Edinburgh.
Artisan Real Estate Investors’ five acre scheme in Caltongate includes a 400 bed hotel, around 16,500 sq. metres of office space, 28 new shops and 185 homes.
Construction could begin next spring.
Development of the site has been 12 years in the making so far.
The original scheme for the plot was unveiled in 2001 and got planning a year later. In 2004 the site was sold to developer Mountgrange Capital which came up with bigger plans approved in 2008. The company collapsed in 2009 and Artisan acquired the site from administrators Deloitte in December 2011.
Architects for the projects are Allan Murray Architects, with the affordable housing designed by CDA Design.
Artisan, which is based in the Isle of Man, is a venture between South African financial services firm Sanlam Group, the Argosy and Attventure Groups and Salt Properties Limited.