£10m bid to build new homes at old foundry
PLANS have been submitted for a £10 million development that could set the ‘gold standard’ for sustainable living in Glasgow. The proposal for 131 Minerva Street in Finnieston – a former brass foundry currently used as offices – would see 64 new homes appear in the area.
Electric vehicle charging stations, a rooftop terrace, amenity gardens and an outdoor exercise area are among the features listed in the bid for flats on the doorstep of the SEC – where COP26 is currently taking place.
Developers Nevis Property has adoped a low-carbon focus for the plans, with an emphasis on energy efficient materials and green technologies.
This includes a centralised combined heat and power (CHP) system which makes use of ‘reclaimed heat’ to reduce energy use. The system would also provide power for six electrival car charging stations.
A solar panel on the roooftop of the development also aims to provide free energy for resident consumption within the building.
Nevis Properties believes that by regenerating on brownfield sites such as 131 Minerva Street, there will be less need for development on limited greenbelt land.
Marc Taylor, director at Nevis Properties, said: “For Glasgow to continue to evolve as a dynamic, contemporary city, and recover from the pandemic, there is a need
to create quality housing in prime locations which enhances the urban fabric of the city and attracts the very best talent.
“Finnieston is incredibly attractive to young professionals and first-time buyers because it’s walkable to the city centre and has some of Glasgow’s best bars and restaurants. As it stands there is a distinct lack of choice for quality new build accommodation and extremely high demand for second-hand properties within the area.
“As Glasgow becomes ever more popular with larger businesses,
there is a growing need to meet the surging demand for premium living accommodation at a price point which fits the needs of buyers and renters.
“That’s why we want to develop a property which will not only develop a real community, but also become the gold standard for sustainable developments in future.”
A selection of properties at Minerva Way will be priced at a level to cater for first time buyers, as well as attracting young professionals looking to bring their talent to the city.