How two new developments will generate an additional £250,000 – Edinburgh
More than £250,000 is set to be brought in to council coffers from deals that will be struck on two new developments.
A planning application for the first phase of the redevelopment of the former Fountain Brewery site has now been lodged with planners. Site owner Lloyds Banking Group plans to sell a small section on the west side of the site it owns to Cityheart Limited, which wants to build student flats for Napier University, as well as a commercial units, a public park and a library.
The council owns a small patch of land that used to be a tenement block on the site, and it has agreed to sell it to Lloyds for £150,000 …