Glasgow’s unused 1 million square foot lot near High Street rail is to be developed into a commercial space soon. The Glasgow City Council and Dawn Group have jointly come up with plans to create an office complex here along with residential accommodation.

The area here has been lying unused for 40 years now. All formalities like authorisations and permits have already been obtained for the project. According to expectations, work will be completed by 2011 in the project, which is being called the Collegelands project.

Initial plans include the construction of 102,000 sq ft of office area, which will subsequently be occupied by Glasgow City Council offices. Along with this office space, student accommodations will along come up here. A multi-storey car park will be built to accommodate the vehicles for the shared offices. A total outlay of £200m is being estimated for the project. Preliminary plans also include a Ramada Encore inclusive of a restaurant, hotel and meeting rooms for meeting business requirements.

Speaking about the project, Steven Purcell, Glasgow City Council president, remarked that the regeneration project would bring in new interest in such projects in Glasgow. Real estate markets are showing a marked improvement in the city following several new initiatives here. Dawn Group head MacDonald underlined the fact that this will be a successful pairing between the private and government organisations.

With the completion of this project, many investors will realise the potential in such a combination of strengths. Many new jobs are expected to be generated by this development here.