james73
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Joined: 30 Jul 2007
Posts: 2318
Location: Utopia Planitia
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 Posted: Tue Feb 05, 2008 2:14 pm Post subject: £25m homes plan after East End land deal |
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£25m homes plan after East End land deal
A DERELICT area near the site of Glasgow's Commonwealth Games athletes'
village is to be transformed into a £25million housing development.
Stewart & McKenna acquired the site after striking a deal with Glasgow City
Council, which needed another piece of land the developers owned at nearby
Millerfield Road for the 2014 Games participants' accommodation.
The developers got £1.7m as well as the new plot in Beechgrove Street after
selling the parcel of land to the council. A total of 131 flats will be built in the
development.
As well as six penthouses costing £180,000 each, one-bedroom flats at
around £110,000 and two-bedroom apartments for £150,000, the development
will feature studio flats aimed at first-time buyers.
Dubbed nano flats' by the developers, the 18 flats with balconies will cost under
£100,000.
Stephen McKenna, Stewart & McKenna's executive director, said: "We are trying
to work on how people can get on the property ladder.(*)
"We were trying to come up with an apartment that's beneficial for us to build
and also for people who can't afford to get on the property ladder to give them
a step up."
Work on the development will start later this year and the flats are due to be
completed by mid-2010 after going on sale in July.
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(* - offer jobs that pay more than minimum wage?  )
James H
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Happiness ain't at the end of the road - Happiness *IS* the road... |
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