Development Partner for Phase 1 (with potential of future phases) of Granton Waterfront, Edinburgh

Description

Located just three miles north of Edinburgh’s city centre, Granton Waterfront has outstanding views across the Firth of Forth and sits in a ‘necklace’ of coastal communities from Cramond in the West to Portobello in the East. Over the next 10 – 15 years, this area will be transformed from former industrial land into a new coastal town for Scotland. The Council plan to deliver, through phased development: - around 3,500 new net zero carbon homes; with approximately 50% of these available for private development opportunities; - business start-up space and commercial opportunities; - creative arts, cultural and leisure spaces; - key services including a school and health centre; - Europe’s largest coastal park; and - low carbon energy solution(s). The Council’s phasing strategy, commencing with Phase 1, opens with the ‘Heart of Granton’ and embarks the Council and its future Development Partners on a journey of regeneration, with green credentials at the forefront of its objectives. This high-profile regeneration site offers a ‘once in a lifetime’ opportunity to work with the Council to create a new sustainable coastal town within Edinburgh’s Waterfront. This unique opportunity to work with the Council initially over an 18-month period as part of a two stage Pre-Development contract has been devised as part of the Council’s procurement strategy to reduce the burden of tendering as much as possible on Candidates and to encourage collaboration, innovation, risk apportionment, and partnership between the Council and the Development Partner. As a Candidate, you will be experienced and capable of delivering complex regeneration and mixed-use development projects of similar scale and nature. Your team will be multi-disciplinary and consist of the Development Partner, full design team services, construction contractors and specialist expertise in areas such as sustainability and modern methods of construction. You will identify opportunities for working with the local community and Small to Medium Enterprises (SMEs), creating new jobs and stimulating the local economy. You will support the Council with innovative solutions related to transport, infrastructure and funding with a primary focus on carbon reduction where possible. The gross development value for Phase 1 is projected at GBP170million - GBP190million, with the overall programme valued at GBP1.3billion. Full information on future phases in contained within the Outline Business Case which is available to be downloaded with this Contract Notice. Lot 1: The City of Edinburgh Council is seeking a Development Partner to take forward the development of Phase 1 of the Granton Waterfront Development. Fountainbridge in Edinburgh in line with the Council's vision. The Development Partner will be required to: - Deliver a private housing development of approximately 440 homes; - Deliver around 200 Council homes of mixed tenure to the Council’s design guidance within timescales approved during the pre-development period; - Deliver around 2000 sqm of ground-floor private sector commercial space and 1000 sqm of public sector commercial space with active frontages at appropriate ground floor locations throughout; - Create opportunities for Registered and Social Landlord partners to deliver around 145 homes; - Deliver high quality public realm of adoptable standard throughout the site and sustainable transport infrastructure; - Delivery of the low carbon energy solution identified by the Council following the outcome of an ongoing options appraisal and Final Business Case; and - Maintain and enhance community engagement and support consultation. The residential development must comply with the principle of tenure blind development. The Development Partner will be required to pay a minimum price to the Council for the private residential and commercial space development opportunities based on the provision of serviced plots. Serviced plots will have been remediated, with access to the plot laid and available utilities laid to the boundary. The minimum accepted capital receipt amount is GBP10,000,000. The Invitation to Tender may contain a provision for tenderers to provide an increase to this amount, which would form part of the cost analysis. The Development Partner will be free to develop the serviced plots to its own specification, subject to the fixed elements set out above. The profits from this development will be retained by the Development Partner, although an overage agreement may be put in place covering exceptional profits. Further information on the scope of this procurement can be found in the SPD Instruction Document attached to this Contract Notice.