The development site currently includes a high-quality office building at 2 Central Quay, extending to just under 80,000 square feet, and a neighbouring 4.43-acre site to the east.

Summix Capital is seeking to deliver a development that includes private for-sale residential dwellings with family housing; affordable flexible office space; and purpose-built student accommodation, with the provision of commercial space on the ground floor.

The development site has lain derelict for a considerable period, and its regeneration heralds a significant investment in the city.

The site, in conjunction with land to the south, benefits from planning permission in principle for a mixed-use development. This includes offices, residential, hotel, and associated ground floor commercial uses with access, parking, landscaping and associated works.

The southern parcel of land has been sold separately to Platform_, which is currently constructing 498 build-to-rent (BTR) apartments. It comprises four blocks, one of which, at 20 storeys, is one of Glasgow’s tallest buildings

As part of the pre-application consultation process, statutory events will be held on 24 November 2022 and 19 January 2023, between 2-7 pm, at ‘2 Central Quay’, located at 89 Hydepark Street, Glasgow G3 8BW. Further information will be advertised to the community closer to the time.

A representative from Summix Capital said: “These exciting proposals represent a significant investment in Glasgow and will serve to regenerate a current brownfield site, providing much-needed housing and commercial space.

“The site has lain derelict for a considerable period of time, and its redevelopment will be a welcome addition to the community. As a company, we are committed to pursuing a Net Zero Carbon strategy by 2030, and this development will be in accordance with this.

“These proposals are at an early design stage, and over the next few weeks, we look forward to engaging in discussions with the local community about how best to progress this.”