Work progressing at £200m New Waverley site

Waverly Development
Waverly Development
0
Have your say

A 7.5 acre site at the heart of the city centre is going through a dramatic metamorphosis.

The £200 million development of the former bus depot at the foot of Calton Hill will transform the already changing face of the Caltongate area and is expected to be completed in summer 2019.

The development aims to restore life to the city centre.

The development aims to restore life to the city centre.

Artisan Real Estate Investors, the partnership behind the New Waverley development, began the work on East Market Street over the last two years, delivering 400 hotel rooms and an Adagio Aparthotel overlooking the Royal Mile.

As well as completing 45 affordable homes, New Waverley has also delivered a row of shops in 19 Victorian arches.

Artisan’s projects director Clive Wilding said the development aims to restore life and vitality and energy to this part of the city centre.

Building started in late 2016 with 244 private residential apartments making up three separate blocks.

The south block will comprise 62 private residential apartments with the remaining two blocks made up of 91 homes.

Underground parking for 145 cars has also been planned.

The 146-room Adagio Apart Hotel, overlooking the Royal Mile, opened for business in December.

The four-storey build has been constructed behind an existing façade of two 1930s tenement buildings – one of which is the C-listed Sailors Ark building.

An overview of plans

An overview of plans