A new application for drawing up plans for the redevelopment of Charing Cross in Glasgow city centre worth £250 million has been submitted.
The application was made through CXG Glasgow Limited, a subsidiary of Tracey Investments Limited and the owners of Venlaw Building and Elmbank Gardens, in conjunction with the owners of the assets located at Three Hundred Bath Street.
Plans for the Charing Cross Gateway regeneration project are divided into two phases: the first student accommodation and a general surgery and physical care centre.
The second phase contains a mixed-tenure progression comprising residential urban housing, offices and a hotel.
The removal of the Tay House bridge over the M8 is also part of plans to create a new entrance to the city centre.
The projects are supported by the chief executive of the Glasgow Chamber of Commerce, Stuart Patrick.
He said: “The city’s three major universities have demonstrated their strategy to increase student numbers in the coming years and accommodation wishes to increase accordingly, especially considering how limited the features are at the moment.
“A progression like this addresses this need and at the same time is part of the ongoing plans for a key component of the city’s classic shopping and hospitality thoroughfare.
“It’s no secret that Sauchiehall Street has seen better days, and this app presents an opportunity to galvanize an iconic domain of the city and re-establish it as a colorful hub of hospitality and business. “