Ł40 million regeneration vision for fire-hit Edinburgh district

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Archiseek / UK / Scotland / News / 2006 / May 23

Artist's Impression

Ł40 million vision to breathe new life into a prominent Old Town site in Edinburgh, which was devastated by fire in 2002, has been unveiled. Following conclusion of a complex negotiation to purchase the site from the eight former owners in December last year, the major regeneration project will now be driven by Edinburgh-based, family-owned development company Whiteburn, which also constructed the award-winning Tun building beside the new Scottish Parliament. The vacant site, which is bounded by South Bridge to the east and the Cowgate to the north, together with the remaining corner tenement on Chambers Street, will be transformed into a new city district. The developers believe that the new hub, aptly named SoCo, will act as a catalyst to attract new interest and investment in the area, which lies at the heart of the Old Town and forms part of Edinburgh's World Heritage site.

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