PERMISSION has been granted for an £80m mixed-use development as part of the regeneration of Leith’s Waterfront.
Ocean Point 2, under the steer of S Harrison Developments, will comprise of residential and purpose-built student accommodation, along with commercial uses and amenity space.
Neighbouring Ocean Point 1, the development will provide two buildings which will include property specifically for families alongside student accommodation.
A spokesperson for Harrison Developments said: “We are delighted that we have received a green light for our planning application.
“This will serve to deliver much-needed homes and student accommodation to an area which is undergoing a rapid transformation.
“This development boasts excellent transport links, especially with the new tram line and will deliver a significant investment into the local area.
“We look forward to continuing to engage with the local community and the council as we seek to deliver this development.”
A total of 112 build to rent homes are proposed, providing a mix of studio, one-bed, two-bed and three-bed apartments to provide the area with a range of housing needs.
A quarter of these are three-bed apartments designed for families and a quarter of the apartments will be affordable housing.
There are 404 student accommodation beds on offer, split between cluster accommodation and studio bedrooms.
The former accommodation aims to be a mix of five and six bedrooms.
In addition to delivering homes, the new development will also generate local spending amounting to £5.3m annually.
This will go towards supporting an estimated 60 retail and leisure jobs.
In total, it has been estimated that 325 jobs will be created directly in the construction of the overall scheme.
The extension of the tram line between Edinburgh and Ocean Terminal also provides connectivity between the development and Edinburgh city centre.
Harrison has a history of working in the city from delivering the Malmaison at St Andrew Square, to student developments at Westfield and Gorgie as well as hotel development at Osborne House.
Planning and development consultancy Turley provided planning services for the project with CDA acting as architects
Planning permission was granted May 15, subject to conditions, by councillors on Edinburgh’s Development Management Sub-Committee.
