Planning consent has been granted by the local council to affordable housing developer Swan Group to build the 151 homes in the city’s east end.
The new development will be under two miles from the city centre and forms part of the Clyde Gateway regeneration project. Swan Group recently concluded a contract with PfP Capital to deliver all of the new housing units.
Comprising five blocks, the Newhall Street development will provide a mix of one and two bed flats and three of the blocks will be next to the River Clyde walkway.
Developers said residents would be in the heart of Glasgow in under ten minutes by bike, or half an hour by foot through Glasgow Green which is situated right next to the development.
Planning for Newhall Street was overseen by City Design and the development will include four areas of general amenity space and private gardens for ground floor flats.
Phil McGinlay, managing director of Swan Group, said: “Swan Group’s Newhall development is set to revitalise an area in Glasgow’s east end which will offer residents unrivalled, safe access to the city centre.
“Not only will the 151 flats be positioned next to the River Clyde walkway, they are right next to Glasgow Green offering a traffic free route through to the heart of the city.
“We look forward to delivering more high quality affordable homes for the workers and families who are integral to the future of Glasgow city.”
William Kyle, fund director at PfP Capital, said: “This is a prominent site, ideally located for access to the city centre which will provide much needed additional affordable homes for the city together with the development of a prominent brownfield site.”
Martin McKay, executive director of regeneration at Clyde Gateway, said: “These quality new homes will add significantly to Clyde Gateway’s regeneration aims as ‘the place’ in which to live and work.
“We are always really encouraged by the demand for new homes in Clyde Gateway and Newhall Street is perfectly located for local communities to readily access green space and active travel.”