Plans for a major offices-to-coliving development close to the Barclays campus and Glasgow's city financial services district have been lodged.
Copperstone Partners 2, a joint venture between residential developer Ideal Holding Group and The Co-Living Company, is under offer to buy 100 Morrison Street in Glasgow, an 137,764-square-foot office building which is being sold by a private family office advised by MC2.
The vacant building in the heart of Glasgow's Tradeston and Buchanan Wharf area is close to Drum Group's massive mixed-use Buchanan Wharf development where Barclays has recently moved its Scottish campus. It is also near Glasgow’s International Financial Services District, Bridge Street subway station and large corporate occupiers such as Student Loans Company, BT, JP Morgan Chase and HMRC.
The island site comprises around 0.70 acres with the building spread across basement, ground and four upper floors. It includes 35 car parking spaces.
Copperstone has worked up Claridge Architects-designed plans now submitted to replace the offices with a landmark residential tower that would comprise Glasgow's largest coliving development.
The plans are for 420 coliving studios, 2,100 square metres of amenity, 100 square metres of commercial on the ground floor and green space.
It would join a notable increase in residential development in recent times in the area, principally build-to-rent.
There are residential developments to the north and south, and trade counter units to the east, while Barclays' 470,000-square-foot office campus dominates the north east. Legal & General finished 324 build-to-rent apartments in two 18-storey residential towers recently, which are under offer to sell to Hines.
The building was last occupied by the city council's social work services department and has recently been used as a location for filming.
This week Glasgow City Council agreed a new policy on the design of tall buildings, saying where it will support the development of skyscrapers in the city, one of the UK's Big Six office markets.