Preparation works on the latest Waterfront development are set to get under way within days.
Plans for “Studio Dundee” at site 2 — currently the Yeaman Shore car park — were approved in October and the move will see the 80-space facility subject to temporary closures.
The car park will close for site survey works from February 18-23, after which half of the spaces will be available until March 2.
From March 3, the full car park will be available again until it closes for good in the summer. However, parking chiefs say the nearby Greenmarket multi-storey can accommodate the expected influx that will follow.
Lynne Short, city development convener, said the development would bring “more of what the city needs”.
She added: “It is worth remembering that while we have parking on the site right now, that is and always was a temporary use of a vacant area created as part of the Waterfront masterplan.”
The site 2 plans, being delivered by regeneration body Our Enterprise, will see the area transformed into a “co-working” open studio space, to-let apartments, office suites, retail space and a central social hub.
Up to 100 construction jobs will be created during the build, with Studio Dundee supporting 250 jobs and attracting a further 150 to the city.
At the core of the development is a “membership plan” which will give start-up businesses affordable access to offices, high-speed broadband and other essential resources.
In all, Studio Dundee will accommodate 75 entrepreneurs, 3,719 sq m of offices, and 117 private rented flats.
Alan Caldwell, partnerships director at Our Enterprise, said Studio Dundee was designed to retain city graduates.
He added: “There are 117 beautifully designed studios, one and two bedroom apartments to rent along with great communal facilities.”
The development has been backed by top creative minds in the city.
Professor Paul Harris, of Duncan of Jordanstone College of Art and Design, said: “Dundee is a rapidly growing creative economy, and it will be extremely important to retain the best creative graduates in order to maximise the future potential that the city’s international reputation is now presenting.”