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BUREDI, a joint venture between The Burrell Company and EDI Group, has been given the green light on its Madelvic development, part of the £75m shoreside regeneration of Granton.
The development is centred around the transformation of the 120-year old, B-listed factory, once used to manufacture the Madelvic electric vehicle.
Sixty-five stylish one, two and three bedroom apartments will be created alongside 16 spacious mews style work-live units, situated around an attractive, landscapedcourtyard. The development will also comprise six commercial units.
Designed by award-winning Malcolm Fraser Architects, the apartments command views over the Firth of Forth and Edinburgh Castle.
Andrew Burrell, managing Director of The Burrell Company, explains: "This is a very exciting development which will offer house hunters the opportunity to change the way they live and work.
"As well as offering stylish apartments in a stunning location, which is on the verge of being completely transformed. The development showcases the live-work concept, which is becoming an increasingly attractive way of life for professionals, particularly those in the creative industries. It means you can have a home and office in one, representing a significant saving."
BUREDI has worked closely with Malcolm Fraser to develop the plans for these live-work units which have been drawnup to make the most of the natural light flooding through the glazed roofs of the properties.
The original 19th Century façade of the factory will be incorporated into the design. Plans for Madelvic also include fourteen social housing units, designed by David Murray Associates, Architects for rent for older people, to help meet the city-wide shortage of affordable homes.
These will be developed by Outlook Housing Association, which is committed to the principles of energy efficiency and environmental responsibility.
Ian Wall, Chair of EDI Group, added: "The mixed-use nature of this development - combining office space, homes of different sizes for sale and rent - reflects the City's aim to build new, sustainable communities where people can live and work. A similar, strategic approach is now being developed by EDI in our plans for the regeneration of Craigmillar.
We hope that the Madelvic development will reflect the spirit of innovation embodied in the original electric car factory: our vision is to harness design and technological innovations to build a thriving community.The development will also help re-connect the city to the waterfront."
Alastair Black, Director of Outlook Housing, said: "The approval of the plans to regenerate Granton's Waterfront is most welcome. Combining social rented housing into this prestigious and exciting development is a great opportunity for older people who are looking to rent accommodation and lead independent lives in a thriving community."
Work is due to begin in the summer with properties released for sale early in 2006.