A MASSIVE residential-led mixed use development in Fife involving Greenock businessmen Sandy and James Easdale has been given the go-ahead.
The £250million transformation of the 130-acre site of the former Tullis Russell paper factory between Glenrothes and Markinch. was approved by Fife Council and will deliver up to 850 homes, a care home and retirement village, as well as new commercial, retail and leisure space.
The Easdale brothers are taking the development forward in partnership with Advance Construction (GD) over the next decade and it is already attracting major interest from leading house builders.
Planning consultants Barton Willmore worked with Advance Construction (GD) Ltd to develop the plans, providing town planning, master-planning, landscape, environmental impact assessment and socio-economic assessment services for the project.
The project is one of a number of joint ventures between the parties, with similar plans for the former IBM site in Spango Valley near Greenock also unveiled this week.
Sandy Easdale said: “This development has the power to transform Glenrothes and breathe new life into the local economy. We forecast that the development will cost in the region of £250million, creating 300 jobs during construction and 800 permanent jobs once complete.
“We have already had five housebuilders from across the UK expressing serious interest in the site and we expect this number to increase over the next few months. “This is going to be an exceptional development with great transport and leisure options and there is great anticipation about what it will deliver for the region’s bright future.”
Seamus Shields, owner of Advance Construction, said: “We’re proud that we have received planning permission from Fife Council and our appreciation goes to the local authority and other stakeholders in assisting us to create a vision that will benefit Glenrothes from years to come.
“Advance Construction has extensive experience in delivering large-scale projects and this is one that we’re excited about getting underway knowing the demand that exists for new homes and jobs in the area.”