New restaurant and bank approved for Princes Street

The development is planned for the former GAP store. Pic: Jane Barlow
The development is planned for the former GAP store. Pic: Jane Barlow
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PLANS for a new restaurant and bank on Princes Street have been approved.

Councillors today unanimously approved the development in the former Gap store at 131-133 Princes Street, with the new Halifax branch expected to create up to 30 jobs ahead of its summer opening.

The newly occupied building has lain vacant for more than three years.

Last March, the News told how Princes Street would be allowed to evolve from its traditional retail originals into a leisure and dining hub in a bid to boost its appeal.

Planning officials had urged councillors to reject the application through fears it would “weaken the shopping ambience of the city centre”.

But planning chiefs voted through the proposal - bringing the first dedicated restaurant to Princes Street in decades.

Dougie Peters, finance director of BAM Properties - the firm behind the planning bid - said: “This is great news for Princes Street as we believe our proposals will help increase footfall to the west end of street and, with the restaurant, also drive the council’s ambition to extend the Princes Street economy outwith retail trade hours.

“We’re speaking to a number of potential operators about the restaurant space. We are delighted to see this landmark building finally begin to come to life again.”