Moorgarth, asset manager for the owner of the mall immediately adjacent to Waverley train station, has submitted proposals for substantial investment which they hope will revitalise the 1980s shopping centre.
The centre is connected to Waverley train station which serves over 29 million passengers per annum and is currently home to 35 retail units.
Through innovative design we can create a truly destinational scheme whilst looking to create something of real quality and vibrancy within the heart of the city.Tim Vaughan, Chief Executive , Moorgarth
The revamped centre would aim to attract high-end shops and restaurants with an emphasis on showcasing the best of Scotland.
Plans for the updated three-storey building feature an increased level with space for a restaurant offering views across Princes Street gardens and the Old Town. Developers also included plans to make the centre a social area capable of hosting concerts and events at night.
Tim Vaughan, CEO of Moorgarth: “Along with improved roof space, the new entrance and widening of the pavement on Princes Street are all about establishing a greater sense of arrival into Edinburgh that capitalises on its unique location...”