The deal was struck on on Tuesday, 13 March with the development of this site seen to be critical to the Council’s plans to deliver a vibrant city quarter and accelerate the delivery of new homes for people on low and middle incomes.
Development of the 66 acre site stalled over the last decade and the Council has been successful in negotiating with National Grid over the last 12 months to unlock the site’s potential. The site also includes an iconic last remaining gas holder in the city and the former Granton railway station.
Depute Leader, Cammy Day, said:
“This is a hugely important site for the city’s economy and its acquisition is a key milestone in our plans to make Granton’s Waterfront a great place to live and work. It will also make a significant contribution to our ambitious plans to build 20,000 affordable and low-cost homes over the next decade."
Over the last decade the Council and its partners have invested over £309m in the regeneration of North Edinburgh, delivering nearly 2,200 homes, retail space, a new school, Craigroyston Community High and a new health and social care hub...