Construction is underway for a new multi-use development on the site of the former Fountain Brewery in Fountainbridge.
Named “New Fountainbridge” by its developer Vastint Hospitality, the first phase of construction will see the creation of a new 59,554 sq ft Grade A office, a 262-room Moxy hotel, café, ground floor workspaces and a restaurant fronting a new civic space.
READ MORE: Flagship Fountainbridge office block boosted by tech firm tenants
The Moxy hotel will be an anchor to the development, with the office space expected to attract new companies in Edinburgh's business and tech sector.
The office space is expected to attract a mix of corporates and businesses involved in Edinburgh’s thriving creative and tech sectors.
This first phase of the development is expected to be complete in the second half of 2020 with the construction of the second phase subject to planning permission being granted by The City of Edinburgh Council.
The second phase of construction, which will start towards the end of the year, will see the construction of 234 residential apartment units and canal-side townhouses, as well as commercial and social enterprise spaces. 25% of the properties will be "affordable housing"
READ MORE: Homes and offices plan for former Fountain Brewery site in Edinburgh unveiled
Gijs Vermeulen, Project Manager for Vastint comments: “This site has remained derelict for nearly 15 years since the brewery closed. Our New Fountainbridge development signals a fresh start for the area and we look forward to delivering a distinctive, urban quarter in Edinburgh where local people and visitors will be able to enjoy living, working and socialising.”
Chris Cuthbert from CuthbertWhite commented that there is significant, unmet need for new Grade A office space in the city centre, with vacancy rates at an all-time low. “The office development within New Fountainbridge, alongside The Exchange, has been designed with the occupiers in mind, offering multi-divisible 10,000 sq ft floor plates and superb staff amenities.
"We are very excited about the long-awaited transformation of this area and anticipate strong demand for the product”.
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