Developers, the Capella Group, had their outline proposals for a new commercial centre approved by Glasgow council. Atlantic Square will cost around ninety million, and is set to transform the previously run down Broomielaw district. Set in the heart of the city’s centre, the new development including the redesign of office interiors will replace the existing International Financial Services District (IFSD). A previous project which has already had more than a billion invested into it, attracting top companies like Direct Line Insurance, banking giants Barclays and Morgan Stanley. Generating more than fifteen thousand jobs over the past eight years,
Atlantic Square, already known a “Wall Street on The Clyde“, will incorporate two office buildings, providing 227,000 square feet of prime office space. Plus, a multi story hotel with one hundred and thirty rooms, a conference centre and leisure centre. Capella’s chief executive, Jim Fitzsimons believes office spaces at Broomielaw Quay will be taken up in the coming year, despite the country’s current economical problems. Providing a big boost to an area which already boasts a successful commercial profile.
Fitzsimons hopes Atlantic Square will become the true heart of the district itself, and more than two thousand five hundred jobs are hoped to be created. Capella Group specialise in Urban Regeneration, property development and management. They plan to preserve the nineteenth century warehouse facades on James Watt Street and improve pedestrian access to the new development. A covered courtyard will act as a focal point, where workers from the fabulous new office buildings can relax. But it’s also hoped the centre will attract visitors and residents alike.
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