Proposals for a multi-million pound regeneration of a Glasgow shopping mall have been lodged in a planning application.
The proposed development from the owners of Shawlands Arcade in the Southside will feature a mixture of ground floor shops with new homes above.
The project will also boast greenspace and public realm areas including areas specifically for public seating, play, performance and art.
Neal Jamieson, Director of Ediston real estate said: “We are pleased to submit plans for a viable alternative to the existing arcade.
“Having consulted with the community over the past year, we know that replacement of the current dated complex is much wanted.
“The proposed balance of housing and retail uses has been carefully considered to ensure a regeneration that is realistic and deliverable.”
The ground floor commercial space will accommodate a range of retail and commercial businesses with 330 one, two and three bedroom apartments above.
Nearly 80% of all those who gave feedback in the consultations think the current arcade is poor or extremely poor quality, with the majority wanting to see a better range of shops incorporating a mix of high street names and independent traders.
An independent economic impact assessment has been submitted as part of the application and confirms that the planned £150m investment into Shawlands will enable the replacement of a key town centre asset and prevent it from falling into dereliction.
In addition, when fully completed and occupied, the arcade regeneration will support 240 direct jobs within the Glasgow economy and a further estimated 150 construction jobs.
Jonny McDonald, chair of My Shawlands Business Improvement District said: “As we head into an increasingly difficult economic climate, we are encouraged that the arcade’s owners have prepared a set of plans that are economically viable and can be delivered.
“The existing arcade is increasingly detracting from the overall town centre and it’s been a long held aspiration of My Shawlands to see it replaced.”
The proposals are being brought forward by the arcade’s owners, Clydebuilt LP, which is a property investment and development fund co-owned by Strathclyde Pension Fund and Ediston Real Estate.