Property developer S Harrison Developments has submitted a planning application for a c.£100m residential-led development at Ocean Point 2 in Leith, adding to the ongoing transformation of the Waterfront and delivering much-needed student accommodation to the city.
Planning and development consultancy Turley provided planning services for the project with CDA acting as architects.
Neighbouring Ocean Point 1, the development of the brownfield site will provide two buildings and will contain a mix of purpose-built student accommodation (PBSA) and family-friendly Build to Rent homes.
Ocean Point 2 is set to deliver 404 PBSA beds that will be split between cluster accommodation and studio bedrooms. The former accommodation is intended to be a mix of five and six bedrooms.
The extension of the tram line between Edinburgh and Ocean Terminal also provides connectivity between the development and Edinburgh city centre within 20 minutes.
Student numbers have risen significantly in Edinburgh over recent years, with full-time student numbers growing by more than a quarter (25.1%) between 2016/17 and 2021/22, according to HESA. With little student accommodation in the Leith area, Ocean Point 2 has the potential to free-up much needed family homes currently occupied by students.
Proposed commercial, co-working and amenity spaces are set to offer active frontage to Ocean Drive that will greatly enhance the public realm and encourage active lifestyles.
The new development will support significant local spend, amounting to £5.3m by residents and visitors annually. It has been estimated that 325 jobs will be created directly in the construction of the overall scheme.
Ocean Point 2 neighbours Ocean Terminal, which is set to undergo a £100m transformation, delivering a mixed-use development comprising residential, commercial, retail and hospitality.
“Our proposed development, if approved, will bring much-needed homes and student accommodation to an area which is undergoing a rapid transformation, delivering a truly mixed community. Regenerating a current brownfield site, this development boasts excellent transport links, especially with the new tram line, and will deliver a significant investment into the local community.”Spokesperson, S Harrison
S Harrison Developments is an award-winning property development company which was founded in 1952. The company has a strong reputation for successfully developing schemes throughout the UK and across all industry sectors including hotels, retail, residential, heritage projects, office and student accommodation schemes.