MOSAIC Architecture + Design has secured planning permission for a landmark £25M mixed use development in Trongate, Glasgow city centre incorporating new retail spaces, a replacement public house opportunity and a high-quality hotel development, much in demand in the Merchant City, for developer Caledon Property Group.
The ambitious project will provide a luxury hotel with 157 bedrooms, a bar/restaurant and roof terrace affording excellent views over the city. The 12-storey building will provide more than 100 full-time jobs and represents a total investment of over £25M by the developer.
The site will see the demolition of the former bank premises and retail outlets on the corner of Trongate and Hutcheson Street, together with the Oriental Bar.
Stephen Mallon, Director of Mosaic, said: “We look forward to leading the delivery team to construct the property through the next phase of this landmark development for the city on a very important site adjacent to the Grade A listed former bank building on the corner of Trongate and Glassford Street, which houses residential apartments and a Café Nero, that we successfully refurbished two years ago for the same client.
“We are confident that this development will be a positive addition to the skyline of Glasgow, fill an important part of Trongate and help revitalise this historically important area of the Merchant City, which will undergo significant change in the years to come.”
Robbie Wotherspoon, Director of Caledon Property group, added: “In addition to its attractive mixed retail element, this significant development brings a much-needed hotel into the heart of the historic Merchant City and is set to be a popular and valuable addition to the city’s thriving retail and hospitality sector offerings.”
