Glasgow-based developer Park Lane is expanding the Renfrew Riverside regeneration project with two more schemes.
The company is to add 120 homes as well as office space and a hotel to the development to the west of Glasgow.
Park Lane, who is in partnership with Capital Shopping Centres, Renfrewshire Council, Scottish Enterprise Renfrewshire and Clydeport, is to develop the schemes, Primrose Quay and Junction 26, with £27m of investment.
£34m end value
Junction 26 will be a mix of 70 residential units, a 15,000 sq ft office building and a hotel on nine acres at the Junction 26 roundabout of the M8 with a potential end value of £34m.
Park lane has been granted planning for the residential element and has submitted planning for the hotel. Work is expected to start in the autumn.
Planning has recently been lodged for the 51-apartment Primrose Quay scheme which will add to the 2,000 homes at Ferry Village.
Renfrew Riverside has been developed over the last twenty years. The first phase included the Braehead Shopping Centre, Titanium Business Park and New Audi Experience.
Phase II, the current phase, concerns 185 acres of land between Braehead Shopping Centre and Renfrew Town Centre.
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