04 Aug 2016
Plans for a major renovation of the Royal Bank of Scotland’s former home on St Andrew Square into a new luxury serviced apartment and mixed-use tourism development have been announced.
Due to open in summer 2017, The Edinburgh Grand is the latest addition to luxury accommodation provider, Lateral City Apartments’ portfolio of serviced accommodation.
Positioned on the south-east corner of the vibrant square, the building will comprise 50 luxury apartments, many of which will feature retained original detailing. Plans also include restaurants, bars, retail outlets and a gym.
Alongside the serviced apartments, Bon Vivant will be operating a coffee house and evening venue, offering late night entertainment and dining.
The Edinburgh Grand will also house a 200-cover bar and restaurant, located in the former banking hall, as well as further retail outlets. The occupants of these additional spaces, and others which are currently being developed around the site, will be announced in due course.
Gavin MacLennan, general manager of Lateral City Apartments, said: “42 St Andrew Square is a building full of history and heritage, and after years of being closed off to the general public, we are extremely excited to be working on what will become the pride of the city when complete.
“Although relatively new to the market, Lateral City has firmly established itself at the higher end of the serviced apartment sector, with a number of awards recognising our unique approach. We’re looking to replicate our current ethos in The Edinburgh Grand, which will sit well alongside our existing properties – Old Town Chambers and Merchiston Residence – and will offer an increased variety of options amongst the city’s burgeoning serviced apartment sector.”
The development is being led by the Chris Stewart Group, which has previously been responsible for major developments across the city, including the award winning redevelopment of Advocates Close.
sourced:traveldailymedia.com