A former industrial site in Leith is set to be transformed into 77 luxury properties by Scottish family-owned housing developers, MNM Developments.
Thanks to a £5.8million funding package from Bank of Scotland, MNM Developments have started construction on The Tayworks, a new £12m development located in Leith, on West Bowling Green Street
The new development consists of 77 one, two, and three-bedroom apartments, with 14 of these already reserved - housing association, Places for People, has also acquired 14 of the 77 properties to market as affordable housing.
Despite the Covid-19 pandemic halting construction of The Tayworks for four months, the firm has managed to adapt its original build plan and is now only five weeks away from its original completion date, with the first batch of new homeowners set to move in from October 2021.
The housebuilding company is headed up by sibling trio, Marc, Nathan, and Michaela Teague. In addition to The Tayworks, the family-run firm recently completed The Market development in Bonnyrigg and has sites underway at Willowbrae Road in Edinburgh, and Castlemains in Dirleton.
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Marc Teague, managing director at MNM Developments, said: “We were just breaking ground at The Tayworks site when Covid-19 hit. Despite the pause in operations, construction is now back underway, and the response so far has been brilliant.
“Leith is an increasingly popular area to live and work, and there’s been a great deal of redevelopment in this area in the last decade. It was also named one of the coolest places to live recently by Time Out so we’re confident these properties will sell quickly."
