Deal lined up for more new flats on Arnotts site
Link Group Ltd Board has approved plans to buy the land at Smithills Street, Paisley to build a new affordable housing development of 24 flats.
If planning consent is granted by Renfrewshire Council,the empty department store buildings sandwiched between the Methodist Central Hall and the Tile Bar would be demolished, with new flats potentially being built during 2017 with completion the following year.
This is the latest step in a long-term masterplan to bring the Arnotts site – owned by a joint-venture company made up of Renfrewshire Council and Park Lane Developments – back into use.
Since 2014, Link has built new homes on Lawn Street and Gauze Street, while Park Lane has overseen 11 new luxury apartments in the listed frontage on Gauze Street, all of which are now sold out. Renfrewshire Council Leader Mark Macmillan said: “For a decade the former Arnotts store was the most prominent and high-profile gap site in the town centre, and an all-too-visible sign of Paisley’s retail decline.
“This planned development will see a third side of that site brought back into use –cementing its position as a visible sign of the town’s centre’s gradual rebirth.
“By helping bring new people into the town centre to live, we are creating new customers for the existing retailers and other businesses in the area.“With all of this happening as the town’s bid for UK City of Culture 2021 gathers pace, we can see exciting times lie ahead for Paisley town centre."
Link Group chief executive Craig Sanderson added: "We are delighted to continue to be invited by Renfrewshire Council to contribute to the regeneration of Paisley Town Centre and to increase the supply of affordable new homes. This is the latest proposal in a series of projects demonstrating the effective working relationship Link has with the Council."