Plans have been announced for a new £20 million city square and creative hub as part of Dundee’s Waterfront development.
The “groundbreaking” project will create a new square opposite the Malmaison and focus on a new “Design and Innovation Quarter” for the city, inspired by the arrival of the V&A museum.
The project will be delivered by development and regeneration firm Our Enterprise, and will aim to retain Dundee’s graduate and entrepreneurial talent, attract creative industries and create employment and living opportunities.
Rather than open spaces and fountains, the square will take the form of a large central unit, hosting a range of businesses.
Matthew Bell, the founder and chief executive of Our Enterprise, said: “Dundee’s vision for the Waterfront is a perfect match for us and we are thrilled to bring our investment, energy and drive to this groundbreaking project.”
Two new city blocks, designed by architects HTA Design LLP, will include three main elements.
On the ground floor of both blocks will be “design, make and sell” units, attracting creative businesses to showcase the best of Scottish design.
Secondly, above the new ‘Hub’ for start-up businesses will be an apartment development geared to providing high quality city-centre living.
The development will include 91 apartments and 10,750 sq ft of ground floor commercial units.
The developers hope that these rented apartments will create a new urban community, offering light, modern apartments with the bonus of shared facilities such as large dining areas for social evenings with larger groups.
Executive director of city development Mike Galloway said he was excited with the plans and added: “I am looking forward to working with Our Enterprise on this hugely important development for the city.”
Over the next few months, Our Enterprise and the city council will develop the proposals and planning application.
They hope to bring the plans to life for what they say will be a dynamic development to match the city’s vision for the Waterfront.
Dundee City Council city development convener Councillor Will Dawson said today: “Dundee Waterfront is attracting serious interest as this important regeneration project progresses.
“The city’s profile is already benefiting from our association with the V&A and the award of Unesco’s City of Design status.
“I am looking forward to the development of exciting plans for the Waterfront, which will help create jobs and grow the local economy.”