As spring rolls into view, we felt it was time to provide an update on all things New Waverley in March 2019.
The last 12 months have been pivotal in the evolution of New Waverley and the regeneration of the wider area. The final pieces of the complex mixed-use jigsaw are now being firmly laid, establishing a clear way ahead for the eventual completion of the entire development which is having a significant impact on the city centre.
New Waverley’s current commercial office development phase is due for completion in summer 2019, following the announcement that the UK Government is taking 190,000 sq. ft. of Grade A office space within the development, bringing some 2,900 civil service jobs right into the heart of the Old Town.
Clive Wilding, Artisan Real Estate Investors Property Director said:
“It’s been a significant year for New Waverley. Bringing the UK Government hub right into the historic heart of the city is a ringing endorsement for what we are building here – not just for New Waverley, but for the city of Edinburgh and for Scotland. It’s another significant step of our journey to restore life, vitality and energy to this historic part of Edinburgh’s city centre and will be a natural fit for the exciting and vibrant mixed-use community we are creating here.
All our efforts to regenerate a very special part of Edinburgh are now paying off. In the last 12 months, New Waverley has become an established district within the city’s historic Old Town. The new Government office hub continues the momentum of the current development phase which will see high-quality office space blend with restaurants, cafes and shops around a new football pitch-sized £2 million public square.”
The square is the first significant public space to open in Edinburgh’s city centre for more than 50 years and is linked to the Royal Mile by a new covered pedestrian walkway inspired by the Old Town’s historic ‘Wynds’. In February 2019, Loudon’s the family-run café and bakery, opened their second Edinburgh operation with space for 140 customers overlooking the new square.
Other current developments on track for completion in 2019 include the transformation of the Canongate Venture, a derelict 19th-century Victorian Primary School, into a boutique hotel restoring the building back to its previous glory.
And In early 2019, the residential phase began with premium homebuilder Queensberry Homes delivering 66 new homes for the initial development phase, out of 149 homes in all, on the eastern side of the public square.
New tenants have also signed up to The Arches in 2018, which is now fully let to an eclectic and diverse mix of independent businesses. Local boutique gin distillers Edinburgh Gin were recently unveiled at as the final tenant in the flagship end arches, which will now host a fully-working distillery and visitor centre.
And last, but not least, a new community drop-in centre called the Crannie is opening on Cranston Street in 2019 to become a focus for local community activity including music, visual arts and clean-up projects.