SCOTLAND - Edinburgh City Council is urging schemes to back plans to give Princes Street a £100m facelift.
The council intends to demolish buildings from the 1960s and 1970s to make way for four landmark properties which will be linked by historic passageways and would come complete with extensive new multi-level shopping spaces, flats, cafes and restaurants.
The council and its supporters say the development will not only provide a boost to the city but also to the institutional investors who own the properties there.
The plans have been drawn up by Malcolm Fraser Architects.
Principal Malcolm Fraser said: “This is an opportunity to get better retail space within the existing core, particularly when people are being discouraged to look out of town.
“We’ve met with most of the headline traders and they are enthusiastic. We now need to have discussions with the institutional owners.”
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