King's Stables Road update via twitter

Some of you may have seen my comments about the sale of the King’s Stables Road site in @edinburghpaper though nothing is online yet.

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There really doesn’t seem to be any detail + the wording tends to imply that there is as yet no firm plans just commitment to retail + arts.

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If I hear more I will of course let people know. Traders I spoke to were understandably suspicious when there has been such lack of contact.

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Certainly there needs to be an investment in @GrassmarketEdin area beyond confines of KSR site if it is to be a successs + footfall improve.

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One property site reports KSR sold for £17.5M way beyond @Edinburgh_CC estimate.

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Of course with such a huge price tag buyers will be looking to maximise their return which is never good for arts or even interesting retail.

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Having said all that until there is more detail it would not be right to make any judgement. While slow off mark to consult that may change.

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Understandably there are worries about a firm contractor led and not localy based who failed to even consult with @GrassmarketEdin

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At best the winning bidder Peveril has some catching up to do building bridges with local businesses and the surrounding community.