Crosslane Residential Developments (Crosslane), part of the Crosslane Property Group, is pleased to announce proposals to deliver a new form of residential living to Edinburgh.
Plans aim to introduce a new, innovative, renting concept to local residents, referred to as residential serviced living.
Residential serviced living is a new type of fully furnished accommodation, with shared social spaces focused on creating a vibrant sense of community and all-inclusive rents, covering utilities and other living costs.
Proposed plans are for a new residential development located at Ocean Point 2, next to Ocean Terminal in Leith, just two miles from Edinburgh city centre. The scheme will comprise of 293 units providing a mix of studio, 1, 2 and 3-bed apartments with 74 of these offered at affordable intermediate rent levels.
The proposed high-quality, new development will be entirely different to other residential accommodation. The entire building is designed to be the living environment. The principle is that residents sleep in their room but ‘live’ in the building, by taking advantage of the wide range of shared communal space and facilities available, generating a real sense of community within the development.
With many young professionals currently priced out of an expensive and highly competitive apartment- based rental marketplace in Edinburgh, this new concept provides affordable, accessible accommodation for local residents.
In addition to high-quality, fully furnished studios and apartments, residents living in the new development can enjoy the opportunity of making new friends and feeling part of a collaborative community by taking advantage of social spaces throughout the building.
Large, fully fitted shared kitchen and dining rooms on each floor, onsite cinema, relaxing drawing room and well-equipped onsite gym, are just a few examples of the facilities residents can use alongside their own room and ultra-fast WiFi.
Outdoor areas such as a courtyard and terrace area with fantastic views across the Firth of Forth promote an environment for improved wellbeing and mental health. Proposals also include study and working areas with office space for new business start-ups, entrepreneurs, SMEs and home working, providing a more flexible home/work/life hub, something which has become more important as a result of the pandemic.
The location of the development is just two miles from Edinburgh city centre and will provide convenient accommodation for those working in the capital.
A large cycle storage facility will be provided to encourage residents to cycle to work, or take public transport, helping to discourage car ownership. The extension of the tram line between Edinburgh and Ocean Terminal will provide connectivity between the development and Edinburgh city centre within 20 minutes, making it the ideal affordable accommodation choice for young professionals.
The development is also likely to be attractive to those seeking to live and work within Leith itself, taking advantage of local shops, bars, restaurants and cafés.
A Proposal of Application Notice (PAN) has been submitted to the City of Edinburgh Council, and a public consultation event will be held on Thursday 10th February 2022 between 3pm and 7pm to present details of the new development and give the public the chance to provide views, ask questions and comment on proposals.
This will be held digitally via www.oceanpoint2.com with a second event planned for March.
Mark Hughes, Managing Director at Crosslane Residential Developments, said: “Crosslane Property Group is an experienced developer and operator having already delivered more than 7,000 units across 30 previous developments.
“With our new and unique ‘residential serviced living’ concept, we aim to be the leading provider of community living in the UK and Europe. We have already secured a future pipeline of 3,000 units across six schemes for our new concept and continue to grow this to work towards our goal of delivering 5,000 units by 2025.
“Our Ocean Point 2 development in Edinburgh is incredibly appealing for both Leith and Edinburgh as a whole. Residential serviced living represents an innovative housing solution at a time when rental accommodation prices in the capital are soaring, and there are serious demands on housing supply.
“This development represents a commitment to provide affordable housing with a full range of shared communal amenities. Our concept of residents sleeping in their rooms and living in the building, will ensure they enjoy a more rewarding, holistic way of life, with improved social, mental and physical health and wellbeing.
“We have received very positive feedback from key stakeholders to date and look forward to presenting full details of proposals to the public to obtain their comments as we continue to incorporate feedback into our final plans.
“We are committed to ensuring the long-term success and integration of this project into the neighbourhood and look forward to the opportunity of working with local businesses to encourage residents to shop and eat out locally within the area.”
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