Redevelopment of the former Fountain Brewery site has moved a step closer after council planners approved the first phase.
The proposal, from Vastint Hospitality, hopes to regenerate a site that has had a mixed history and has remained vacant since the Fountain Brewery closed in 2004
After acquiring the land for development in 2016, Vastint worked with the City of Edinburgh Council on the proposals. The scheme aims to create a new urban neighbourhood that balances work, living and leisure activities in the centre of Edinburgh.
Vastint Hospitality strives for the redevelopment, named New Fountainbridge by Vastint, to:
- create a lively, new neighbourhood in the city centre
- deliver a Moxy hotel and restaurant fronting a new civic space at the heart of Fountainbridge
- deliver a landmark office along with new commercial uses to activate Fountainbridge
- offer family housing and canal-side apartments
The first phase – 5236.9 sq, m/56,370 sq. ft. (NIA) of offices, a 262-bedroom Moxy hotel and several commercial ground floor units – has now been approved and work is expected to start on site by the end of the year.
Located beside Edinburgh’s financial district, the office space is expected to attract a mix of both corporates and small businesses to support Edinburgh’s thriving creative and tech sectors.
The residential element of the scheme is still being worked up and a planning application for this phase of the project will be lodged later this year.
Speaking about New Fountainbridge, Chris Jetten, Development Manager at Vastint said how pleased they were to have secured planning permission for the proposal. He said: “Our plan heralds a fresh start for Fountainbridge and we look forward to working with the community to create a vibrant, new neighbourhood that forms a distinctive, urban quarter in Edinburgh.”