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'Eyesore' mall to be demolished | |
(about 16 hours later) | |
Plans to redevelop a building considered one of Scotland's ugliest have been unanimously approved by councillors in Edinburgh. | |
The St James Centre at the east end of Princes Street now faces demolition along with a nearby office complex. | |
The £850m project would see the 1970s buildings replaced with a modern quarter of retail and office space, linked by public squares. | The £850m project would see the 1970s buildings replaced with a modern quarter of retail and office space, linked by public squares. |
Work on building the new St James Quarter is due to be completed by 2015 | |
Developers Henderson Global Investors said the scheme would restore the city's reputation as a world class shopping destination. | |
The plans will double the amount of retail space currently provided in the centre, accommodating up to 90 stores. | The plans will double the amount of retail space currently provided in the centre, accommodating up to 90 stores. |
Cutting edge | |
Up to 250 new homes will also be built in the area, as well as 15,000 sq ft of office space, a hotel and 1,800 car parking spaces. | Up to 250 new homes will also be built in the area, as well as 15,000 sq ft of office space, a hotel and 1,800 car parking spaces. |
Edinburgh council leader Jenny Dawe said the decision to grant outline approval sent out a signal that the city was an excellent place to invest and conduct business. | |
Complex aims to restore city's reputation for world class shopping | |
"It shows we can work positively with investors to create cutting-edge retail and housing projects, which fit well with our historic and beautiful city centre," she said. | |
The demolition of the existing shopping centre is due to begin early in 2011. | |
The replacement retail centre would open four years later, with the entire scheme completed in 2016. | |
The St James Centre site and the adjacent New St Andrew House office complex were built in 1973. | |
They are located within the Edinburgh World Heritage Site. |
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