Princes Street | News & Developments - SkyscraperCity
 

forums map | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > European Forums > UK & Ireland Architecture Forums > Projects and Construction > Scottish Architecture Forum > Edinburgh

Edinburgh Architecture in and around Scotland's capital.


Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools Rate Thread
Old June 3rd, 2016, 06:18 PM   #1
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

Princes Street | News & Developments

I wonder what the future holds for this building now? Prime site. Category B listed relatively recently. I checked the old Princes St Development Brief from 2009, and it was categorised as 'enhancement opportunity'/"degree of redevelopment".

__________________
Edinburgh Forum on Twitter | @EdinburghSSC
Kenspeckle está en línea ahora   Reply With Quote
Sponsored Links
Advertisement
 
Old June 3rd, 2016, 08:50 PM   #2
Intrepid121
Registered User
 
Join Date: Mar 2016
Posts: 283
Likes (Received): 116

Quote:
Originally Posted by Kenspeckle View Post
I wonder what the future holds for this building now? Prime site. Category B listed relatively recently. I checked the old Princes St Development Brief from 2009, and it was categorised as 'enhancement opportunity'/"degree of redevelopment".

Huge footprint, in a prime position. The East end is on a roll, time to join the dots

Rip it down and build something modern mixed use; basement and ground retail, offices above with a cool bar\ restaurant rooftop.
__________________

ken2000ac liked this post
Intrepid121 no está en línea   Reply With Quote
Old June 3rd, 2016, 10:30 PM   #3
dadabouttown
Registered User
 
dadabouttown's Avatar
 
Join Date: May 2014
Posts: 2,073
Likes (Received): 877

And a possible opportunity to create some meaningful linkage with Rose St via a retail arcade rather than 1 or 2 big occupiers.
dadabouttown está en línea ahora   Reply With Quote
Sponsored Links
Advertisement
 
Old June 4th, 2016, 01:55 PM   #4
Intrepid121
Registered User
 
Join Date: Mar 2016
Posts: 283
Likes (Received): 116

Quote:
Originally Posted by dadabouttown View Post
And a possible opportunity to create some meaningful linkage with Rose St via a retail arcade rather than 1 or 2 big occupiers.
Ideally best of Scottish independent labels in conjunction with the likes of the Art school and the Biscuit factory would be good.

Something that inspires people to go back time and again to see what's new, as opposed to a know what you're getting type chain.
__________________

belle liked this post
Intrepid121 no está en línea   Reply With Quote
Old June 6th, 2016, 05:17 PM   #5
madboy
Registered User
 
Join Date: Oct 2013
Posts: 537
Likes (Received): 175

Very sad news for the people losing their jobs at BHS.

In terms of development, a lot of that depend largely on the ownership status of the property, was it leased or owned by BHS?

If it was leased then I think the prospects for redevelopment will be lower then if it is sold off by the administrators.
madboy no está en línea   Reply With Quote
Old June 6th, 2016, 06:08 PM   #6
The_Boy
Registered User
 
Join Date: Dec 2015
Posts: 123
Likes (Received): 27

Quote:
Originally Posted by madboy View Post
Very sad news for the people losing their jobs at BHS.

In terms of development, a lot of that depend largely on the ownership status of the property, was it leased or owned by BHS?

If it was leased then I think the prospects for redevelopment will be lower then if it is sold off by the administrators.
Given that even the pension funds had been raided, i think it's likely that any property owned by BHS has long since been sold off and leased back. Asset-stripping 101, innit.
The_Boy no está en línea   Reply With Quote
Old June 6th, 2016, 06:15 PM   #7
anonymous_redrum
Registered User
 
anonymous_redrum's Avatar
 
Join Date: Feb 2015
Posts: 2,238
Likes (Received): 430

Quote:
Originally Posted by Intrepid121 View Post
Huge footprint, in a prime position. The East end is on a roll, time to join the dots

Rip it down and build something modern mixed use; basement and ground retail, offices above with a cool bar\ restaurant rooftop.
Rip down a B-listed building? Surely it can be refurbed/improved without doing that?
anonymous_redrum no está en línea   Reply With Quote
Old June 6th, 2016, 06:59 PM   #8
belle
Thinking pink.
 
belle's Avatar
 
Join Date: Jul 2006
Posts: 773
Likes (Received): 194

Quote:
Originally Posted by anonymous_redrum View Post
Rip down a B-listed building? Surely it can be refurbed/improved without doing that?
SSCEdinburgh isn't the place to suggest that sort of sensitivity to the post/war.
belle está en línea ahora   Reply With Quote
Old June 6th, 2016, 08:16 PM   #9
!Mark
Registered User
 
Join Date: Jan 2014
Posts: 35
Likes (Received): 16

I'm no fan of brutalist architecture, but the BHS store is about the only postwar building on Princes Street that I'm actually fond of. Unlike most of the other examples, it seems perfectly at home in its location.
__________________

Moschops, dadabouttown liked this post
!Mark no está en línea   Reply With Quote
Old June 6th, 2016, 11:44 PM   #10
The_Boy
Registered User
 
Join Date: Dec 2015
Posts: 123
Likes (Received): 27

Quote:
Originally Posted by !Mark View Post
I'm no fan of brutalist architecture, but the BHS store is about the only postwar building on Princes Street that I'm actually fond of. Unlike most of the other examples, it seems perfectly at home in its location.
imo, arguably a direct ancestor of the horribleness going up on St Andrew's Sq, so would be odd to be putting the one up while pulling the other down.
The_Boy no está en línea   Reply With Quote
Old June 8th, 2016, 09:54 PM   #11
Intrepid121
Registered User
 
Join Date: Mar 2016
Posts: 283
Likes (Received): 116

Quote:
Originally Posted by The_Boy View Post
imo, arguably a direct ancestor of the horribleness going up on St Andrew's Sq, so would be odd to be putting the one up while pulling the other down.
The biggest crime with the BHS building was ripping down what was originally there.

What is going up in St Andrews is by no means a classic, but it will bring a level of life to that side of the square that hasn't been seen in my lifetime, and will help to join a lot of dots on that side of town.

Once BHS move out, pull it!
__________________

ken2000ac liked this post
Intrepid121 no está en línea   Reply With Quote
Old June 18th, 2016, 11:12 AM   #12
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

Princes Street | News & Developments

Application submitted for an office conversion of the three upper floors of three late 18th century houses (previously unified in 1994). Restaurant use was consented for the upper floors as part of the recent application to convert the shop unit into a Halifax branch but the space has remained vacant. Architects are 3DReid.

16/02742/FUL | Refurbishment of the existing building with a reinstatement of two dormer windows on the Princes Street side and a new two storey extension at the back facing the courtyard. Change of use from restaurant to office space. | 131 Princes Street Edinburgh EH2 4AH

Dormer windows would be reinstated to the Princes Street facade, while in the courtyard to the rear a new-build opaque glass extension would be added and rooflights inserted into the pitched roof of the former Princes Cinema (1912).





__________________
Edinburgh Forum on Twitter | @EdinburghSSC
Kenspeckle está en línea ahora   Reply With Quote
Old June 24th, 2016, 10:29 AM   #13
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

Stationer Smiggle opening in the old Clavin Klein jewellery boutique.

16/03091/LBC | remove existing shopfront, internal wall linings, ceilings and floor finishes and install new fully glazed shopfront, internal wall linings, ceilings and floor finishes. | 42A Princes Street Edinburgh EH2 2BY
__________________
Edinburgh Forum on Twitter | @EdinburghSSC
Kenspeckle está en línea ahora   Reply With Quote
Old July 6th, 2016, 10:14 AM   #14
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

New Ann Summers store for Edinburgh

CoStar UK - 5th July 2016

Quote:
CBRE Global Investors has secured Ann Summers for a new retail unit on Princes Street, as the retailer upsizes and relocated from another location in Edinburgh city centre.
Ann Summers is relocating from another unit on the city’s main shopping thoroughfare, having signed up to 3,500 sq ft over two levels on a 10-year lease at 87 Princes Street.

The property, formerly occupied by Footlocker, occupies a central block opposite the tram stop bounded by Frederick Street and Hanover Street.

Callum Mortimer, director in CBRE’s Retail team, said: “The demand from occupiers for small to medium sized units on Princes Street at present is incredible. Competition for space alongside a lack of availability is resulting in the prime rental tone on Princes Street dramatically increasing.

“Landlords are currently able to negotiate advantageous lease terms given the competition for space, which includes relatively low rent free periods and in most cases straight ten year leases. Occupier demand for the street is predominantly originating from existing occupiers both up and downsizing, new entrants to Edinburgh and relocations from St James Centre.

“Given the lack of security of tenure in Scotland, in prime locations existing occupiers who want to retain occupation require to agree a lease renewal some time before expiry otherwise they risk either losing their unit or else having to pay a rental increase.”

CBRE acted for CBRE Global Investors; Ann Summers was represented by Cushman and Wakefield.

[email protected]
__________________
Edinburgh Forum on Twitter | @EdinburghSSC
Kenspeckle está en línea ahora   Reply With Quote
Old July 6th, 2016, 08:10 PM   #15
Intrepid121
Registered User
 
Join Date: Mar 2016
Posts: 283
Likes (Received): 116

Quote:
Originally Posted by Kenspeckle View Post
New Ann Summers store for Edinburgh

CoStar UK - 5th July 2016
Makes sense, people aren't going out as much, so spicing it up in between Netflix seasons
Intrepid121 no está en línea   Reply With Quote
Old July 11th, 2016, 04:00 PM   #16
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

Details on plans for the BHS building from Daily Business - Edinburgh booming as top brands seek space (11/07/16) - interesting article about the recent dramatic increase in demand and rents on Princes Street:

Quote:
The British Home Stores outlet is about to be brought to market following the collapse of the group. There are believed to be plans to split it into two shops facing Princes Street with two restaurants and a hotel at the back and on the upper floors.
__________________
Edinburgh Forum on Twitter | @EdinburghSSC

APro liked this post
Kenspeckle está en línea ahora   Reply With Quote
Old July 21st, 2016, 10:04 AM   #17
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

£50m revamp planned for Princes Street BHS

Edinburgh Evening News - 21st July 2016

Quote:
The store in Princes Street is set to be transformed into two new shops, a hotel and a rooftop restaurant.

The current shop is scheduled for closure after the company went into administration earlier this year.

But the owners of the building at 64 Princes Street and the linked site in Rose Street have moved quickly to come up with alternative plans for the property.

The £50 million scheme would see a new flagship store taking over the basement, ground and first floors of the main store where BHS currently trades.

The Rose Street building would be demolished and rebuilt one storey higher, with two ground-floor retail or restaurant units and a hotel entrance all fronting on to Rose Street.

And the upper floors of both buildings would become a 140-bedroom hotel.

The proposals also feature a rooftop restaurant and bar on the Princes Street building with stunning views of the Old Town skyline from Arthur’s Seat to the Castle.

There are currently 50 staff employed at BHS, but the store is expected to close soon.

The developers say they expect the new retail, hotel and restaurants plans to create 250-300 new jobs.

They have already lodged a pre-application notification with the city council and hope to submit a planning application early next year.

But it is expected to be 2019 before the project is completed.

Steve Spray, fund manager at LaSalle Investment Management, which is spearheading the project on behalf of site owners the British Coal Pension Fund, said: “We have received proposals from major fashion retailers for the redeveloped Princes Street store and offers from high-quality hoteliers for the upper parts of the development, which have been mostly redundant for decades.

“This is a fantastic location and it can be a really good flagship retail store and improve the retail offering in this part of Princes Street.

“The rooftop restaurant opportunity has already attracted interest from some of the world’s leading restaurateurs and would give spectacular and unrivalled views of the Old Town. I could see it becoming a tourist attraction in its own right.”

The existing store was purpose-built for BHS in the 1960s and was Category B listed by Historic Scotland in 2008 because it was one of the first “panel buildings” in the street – so-called because of a panel of city planners who were pursuing plans to create a continuous first-floor walkway along the length of Princes Street.

The only surviving signs of the ambitious project are a few buildings with balconies intended to become part of the walkway.

The listing means little alteration can be made to the frontage of the building.

The two current buildings amount to a total of 122,000sq ft of floorspace, but only around 50,000sq ft is used for trading.

The upper floors were used for storage but modern retail practices means stores no longer keep as much stock on site and so much of the space has been empty.

The developers expect the main retail space to become a new flagship store of up to 50,000sq ft but say it would be possible to divide it into two stores instead.

They believe the two ground-floor Rose Street units may be most likely to become restaurants in line with interest shown by food retailers in the nearby Standard Life development in St Andrew Square and the St James Quarter.

As part of the hotel development, a light-well would be created down through the upper floors of the Princes Street building to brighten the inner rooms. The architects working on the project are Edinburgh-based CDA, and if the proposed development gets the go-ahead, it will be carried out by the team involved in Edinburgh’s Harvey Nichols store and next-door Multrees Walk.

BHS went into administration in April and in June it was announced the company would be wound down after failed attempts to find a buyer.

The administrators have been trying to sell the leases to some of the stores, but they have confirmed there is no buyer for the Edinburgh store. There is currently a closing down sale.

Deputy council leader Frank Ross said it was unfortunate that it was the demise of a long-established chain which had prompted the redevelopment plans, but welcomed the investment which the proposals represented.

And he predicted a lot of interest in both the hotel and the store.

He said: “Even in the light of the increase in hotel rooms coming on stream in the last four or five years, there is a growing need for more hotel accommodation.

That ties in with the double-digit increase in overseas visitors coming through the airport and goes to show that as an international destination we are very much in demand.

“And there are a significant number of world-renowned retail brands wanting to come to Edinburgh but who cannot find the right location. I think what we have here is the right location and the right store.

“I would not be surprised if there is very strong demand for the retail space.”
__________________
Edinburgh Forum on Twitter | @EdinburghSSC

Intrepid121 liked this post
Kenspeckle está en línea ahora   Reply With Quote
Old July 21st, 2016, 07:20 PM   #18
Intrepid121
Registered User
 
Join Date: Mar 2016
Posts: 283
Likes (Received): 116

Quote:
Originally Posted by Kenspeckle View Post
£50m revamp planned for Princes Street BHS

Edinburgh Evening News - 21st July 2016
About Time! BHS has gone, but from the ashes, something way better with more longevity!
Intrepid121 no está en línea   Reply With Quote
Old July 22nd, 2016, 05:06 PM   #19
hifive605
Registered User
 
Join Date: Sep 2011
Posts: 1,065
Likes (Received): 459

^ they're not getting rid of the eyesore on princess street through - why did they list this asshat of a building!!?
hifive605 no está en línea   Reply With Quote
Old July 28th, 2016, 12:44 PM   #20
Kenspeckle
Moderator
 
Kenspeckle's Avatar
 
Join Date: Sep 2010
Location: Midlothian
Posts: 9,277
Likes (Received): 4515

Sports Direct buy 20,500 sq ft Princes Street store

Daily Record - 27th July 2016

Quote:
Retailer Sports Direct has acquired a 20,500 sq ft retail unit on Edinburgh's Princes Street.

The unit, 129-130 Princes Street, is currently home to HMV and extends approximately 20,500 sq ft over four levels.

Sports Direct acquired the property from Lancashire County Pension Fund.

The value of the deal has not been disclosed.

Callum Mortimer, director in CBRE’s Retail team, who acted for Sports Direct on the sale, said: “It is great news that we’ve been able to secure the sale of this prominent unit in the city centre for our client.

“Sports Direct is a very well-known and popular brand and assuming it decides to occupy the unit, it will be a welcome addition to the retail offering on Princes Street.”

Read more at http://www.dailyrecord.co.uk/busines...iqdfzBH6uSK.99

NFU Mutual bags H Samuel in Edinburgh

CoStar UK - 27th July 2016

Quote:
NFU Mutual has secured H Samuel for a new flagship store at 119 Princes Street in the heart of Edinburgh city centre.

The jeweller has signed up to the 3,000 sq ft unit, formerly home to Build A Bear, on a new 15=year FRI lease at a rent of £260,000 per annum, which reflects £216 Zone A.

The property is located on Princes Street, Edinburgh’s premier retailing location, occupying a prime position on the block between Castle Street and South Charlotte Street.

Tom Foley, asset manager at NFU Mutual Insurance Society, said: “We are delighted to have secured H Samuel to 119 Princess Street. The length of lease and proposed quality shop fit is a testament to the property and shows the continued demand from retailers for prime shops in key retailing cities such as Edinburgh.”

Ewan Mackay Property Consultants represented NFU Mutual in the off-market deal.
__________________
Edinburgh Forum on Twitter | @EdinburghSSC
Kenspeckle está en línea ahora   Reply With Quote
Sponsored Links
Advertisement
 


Reply

Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 10:50 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us