UK: The regeneration of the Fountain bridge area could include a serviced apartment development.
Proposals have been lodged by developer Grosvenor for 400 homes
across a mixture of tenures including serviced apartments,
open-market sale and residential letting.
The units will range from studios to four-bedroom duplex flats, along with a communal residents' lounge and rooftop terrace, basement storage and safe cycle storage areas.
Robin Blacklock, planning and development director for Grosvenor, said the scheme would help to establish the location as "a go-to destination within the city". He said: "Fountainbridge is an area with a rich heritage and a bright future. We want to help revitalise the neighbourhood so it becomes a great place for people to live, work and visit, as in days gone by. We believe that the combination of high-quality long-term rental accommodation in an attractive city-centre location will appeal to people looking for a more flexible way of living in the heart of Edinburgh. Our plans will offer a level of service and security not currently associated with privately rented homes. The properties we are proposing will help satisfy rising demand in the city for high-quality medium-term rental homes provided by a reputable landlord."