Property-developer Summix Capital said the spot in Anderston to the west of the city centre currently includes a high-end office building at 2 Central Quay, extending to just under 80,000 square feet, and a neighbouring 4.43-acre site to the east.
The firm hopes to deliver a development that includes private for-sale homes with family housing, affordable flexible office space, and purpose-built student accommodation, with commercial space on the ground floor. It added that the site, in conjunction with land to the south, has planning permission in principle for a mixed-use development including offices, residential, hotel, and associated ground floor commercial uses with access, parking, landscaping and associated works.
The southern parcel of land has been sold separately to Platform_, which is constructing about 500 build-to-rent apartments comprising four blocks, one of which, at 20 storeys, is one of Glasgow’s tallest buildings
A representative from Summix Capital said: "These exciting proposals represent a significant investment in Glasgow and will serve to regenerate a current brownfield site, providing much-needed housing and commercial space. The site has lain derelict for a considerable period of time, and its redevelopment will be a welcome addition to the community.
"As a company, we are committed to pursuing a net-zero carbon strategy by 2030, and this development will be in accordance with this. These proposals are at an early design stage, and over the next few weeks we look forward to engaging in discussions with the local community about how best to progress this."