In September 2021, construction of what will become Scotland’s largest hotel, began on Drum’s Candlerigg’s Square site in the heart of Glasgow’s historic Merchant City, heralding the £300 million transformation of one of the city’s most prominent development sites. The hotel forms the first development phase of the much-anticipated regeneration of the 3.6-acre site now being delivered by a joint venture between Drum and Stamford Property Investments.
Candleriggs Square - bound by Wilson Street, Hutcheson Street, Candleriggs and Trongate - is regarded by many as the last and most significant piece of the Merchant City regeneration jigsaw. Following the TSH start on site, the next development phase will be a 346-apartment Build-to-Rent scheme delivered on behalf of Legal & General, with construction starting in November 2021.
The site has lain neglected and unused for the last 20 years, becoming an unattractive gap site in an otherwise vibrant and thriving neighbourhood. The development will return Candleriggs Square to a bustling market-place full of life, vitality and interest and intrinsically linked to the rest of the city centre, bringing with it a significant and timely boost for both the local and national economy. High-quality housing, hotels, local amenities and open spaces will combine with new pedestrian links throughout the site, making the whole Merchant City more accessible, welcoming and exciting for people living, working and visiting the area.
Glasgow City Council initially approved plans for the hotel in May 2020, as well as granting approval for ‘Planning Application in Principle’ for the entire 3.6-acre site. The hotel will mark the beginning of the development proposals which will eventually deliver a high-quality mixed-use scheme combining homes, offices, hotels, restaurants and local amenities with landscaped open spaces and accessible walkways, together with a new public square at the heart of the development.
Drum is in discussions in relation to the balance of the development to the North of the site and expect to announce further occupiers to complete the scheme in the coming months.
For further development information please visit Candleriggs Square