Moda Living has secured planning permission for the final phase of its £215 million built-to-rent Springside development in Edinburgh.
The six-storey Block E overlooking Dundee Street and Drysdale Road will include 139 apartments ranging from studios to three-beds.
In total, Springside will provide 476 homes with internal amenities including communal lounges, health and wellbeing facilities, co-working space plus roof terraces and a private dining room with unique views of Edinburgh Castle, as well as fully managed communal gardens.
Springside will also include 15,000 sq ft of ground-floor retail and leisure space, around the landscaped public squares.
Moda and joint venture partner Apache Capital purchased the Springside site, which included 48 existing homes, in March 2017 from Grosvenor Great Britain and Ireland.
Springside is Moda and Apache Capital’s second scheme in Scotland. They bought the former Strathclyde Police headquarters in Glasgow in October 2016 and the £122 million site will transformed it into 433 rental apartments and commercial space. Demolition works are under way.
Tony Brooks, co-founder and managing director at Moda Living, said: “Our mission is to create happy, healthy and connected communities and raise the bar for renting each city we’re in and planning approval for the last phase of Springside brings us one step closer to changing how people rent in Edinburgh.
“We are committed to delivering this landmark scheme despite the current political climate as it provides much needed high quality rental homes that will help support the city’s long-term growth and further encourage employment and student retention.”
Richard Jackson, co-founder and managing director at Apache Capital Partners, said: “Planning permission for the final phase of Springside builds on a year of progress with our build-to-rent pipeline with Moda and will allow us to deliver much needed high quality rental housing in Edinburgh close to the city centre on a key regeneration site.”