The
regeneration of a key site in the IFSD has taken a significant step
forward with the submission of a detailed planning application by
Osborne and Co for
a 283,000 sq ft Grade A office development.
Capable of
accommodating up to 4,000 people, the site, formerly the location
of the proposed Jumeirah Hotel, is on the south side of Argyle
Street, bordered by Robertson and York Streets.
If
approved, a £95m investment by Osborne will deliver the first major
activity on this prime site in more than twenty years.
Will Hean,
Development Director (Scotland), Osborne and Co, said: "We want to
deliver an office building that will add value for the city of
Glasgow: providing the business community with a quality
environment to thrive, a quality product to attract global
occupiers and a quality regeneration of a large swath of the
IFSD."
Conor
Osborne, Osborne and Co director, added: "Our new development would
deliver a meaningful boost to the local economy, with jobs in
construction and local apprenticeships, improvements to the city's
infrastructure - including supporting the Argyle Street 'Avenues'
project and the surrounding cityscape."
Osborne
and Co is the new global delivery vehicle for property developed by
Vanguard Real Estate.