CALA Homes is planning to build hundreds of new homes on the site of the former Jordanhill Campus in the city.
An economic impact assessment, carried out by independent infrastructure and development consultants Peter Brett Associates, reveals the estimated cost of the scheme is £94 million.
Designed by 7N Architects, the project involves refurbishing the University of Strathclyde's Category B-listed David Stow building into luxury apartments. Two other buildings, Graham House and Douglas House, which don't have listed status, are also to be conserved and converted under the plans.
Other plans include enhancing the existing landscape and create new public access to parkland located within the site. More than 40% of the proposed development will be retained as greenspace. Playing fields and acres of ancient woodland located on the site will be protected with designated play areas created. A new community facility operated by Glasgow Life will also be made available to local schools.
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The economic impact assessment states the project will take six years to build, supporting hundreds of construction jobs as well as generating a further 95 indirect jobs in the wider economy.
Key findings include;
• During construction, the development would support 167 construction jobs annually
• A total of 1,034 residents could be attracted to the site once completed, including 561 economically active people
• 420 new trees are set to be planted at the site as part of the proposals
• In addition to 106 refurbished apartments in the Category B-listed David Stow building, 306 new family homes and flats will be created within the Glasgow boundary
• Glasgow retailers would additionally enjoy a retained resident spend of £5.8m, amounting to 36 retail jobs
In addition, the proposals would contribute over £5m of Gross Value Added (GVA) to the Glasgow economy and that post construction, the development would raise an extra £1.3million in council tax to be spent on public services in the city.
Jim McIntyre, managing director of CALA Homes (West), said: "Jordanhill Campus offers a fantastic opportunity to create much needed high quality homes in a desirable Glasgow location, which is currently derelict and is not adding value to the local community or the city.
"We now know it also has the potential to deliver 100 new construction jobs and support a further 95 jobs locally during the construction phase. That would be a real boost for job prospects in Glasgow, especially in the construction sector.
"Longer term, our proposals for Jordanhill Campus will help Glasgow to retain economically active people and protect council tax income to spend on public services across the wider city.
"I'm extremely proud of our plans for Jordanhill Campus and the many benefits it could bring to the local and wider community."
(LM)
