The Waterfront Plaza development, situated within the Shore area of Leith, will see the creation of 422 residential units, comprising a mix of townhouses, colonies and apartments. In addition, it will offer 154 undercroft car parking spaces, 27 electric car charging points and 320 cycle spaces.
The first two blocks of Waterfront Plaza will include 14 self contained ground floor studio commercial units ranging from approximately 500 – 900 sq ft, benefitting from retail, office and studio planning consent. The development is currently under construction and the commercial units are expected to be available from early 2020.
The immediate area is best known for Ocean Terminal which is shortly due to undergo a revamp and will further benefit from the extension of the Edinburgh tram line which is expected to significantly improve the access from Leith to Edinburgh’s city centre.
Since its regeneration in the early 80s, Leith has developed into an innovative and dynamic creative community, particularly attractive to young professionals, creative agencies and residential development. The Shore area is also home to a vibrant mix of restaurant, cafes and bars.
Cameron Whyte of Ryden commented on this announcement:
“We are delighted to work with CALA Homes to market the commercial units within Waterfront Plaza. The scale of the residential element will significantly enhance Leith’s Shore area and given the lack of commercial stock available to purchase we expect the units to be well received.”
Craig Lynes, Land Director with CALA Homes (East), said:
“From the beginning, the aim of this development was to regenerate Leith’s famous waterfront and bring new life to the disused and derelict site.
“We firmly believe that the creation of these commercial units helps to fulfil the potential of this area and with exciting developments in transport and revamped local amenities, we believe this will be a very attractive spot for businesses.”