CANADIAN real estate firm Carttera has this week lodged new plans for its first North-east development, Rubislaw View, located on the north side of the historic Rubislaw Quarry in the west end of the city.
The Private Rented Sector (PRS) development, which will consist of 245 fully managed, one, two and three-bedroom apartments, will provide a form of tenancy that has risen in demand over the last 20 years due to rising house prices, difficulties in securing mortgages and changing lifestyle choices.
As well as the fully managed apartments, Rubislaw View will host a wealth of amenities for residents and the public including a public bistro, state-of-the-art residents only gym, underground parking (including electric vehicle charging points), publicly available car club cars, and a full concierge service for tenants. The development will be set within landscaped surroundings complemented by walking paths for the public offering spectacular views across the quarry.
PRS housing has been described as the future of the private rented market, offering tenants a fully managed apartment within a maintained building, giving peace of mind that the property and its surroundings are well managed and secure, ultimately improving stability of tenancy and quality of housing.
The plans for Rubislaw View have been revised from the previous scheme which was refused planning consent last year. Revisions include a significant reduction in the scale of the building, decreasing it in height, length and area, and a consequent reduction in the number of apartments whilst increasing the relative amount of on-site parking.
Commenting on behalf of the development, Dr Maggie Bochel of Aurora Planning, said: “We are delighted to be lodging the revised plans. We have taken on-board comments made by the public, the Council and the Scottish Government Reporter on the previous scheme and the new plans very much reflect that.
“Although PRS is still relatively new to the city our clients are confident that there is a real demand for it. It’s becoming harder for first-time buyers to get onto the property ladder and so it’s increasingly the tenure of choice for young people. But, as the Scottish Government has recognised, it also offers significant economic benefits which the city is keen to embrace.”