The Glasgow Chamber of Commerce has supported plans for the £70 million regeneration of a site on the North East corner of George Square, which are being submitted for planning permission this week.

The rejuvenation of the site known as the George Street Complex will include the renovation of two listed buildings for five star serviced apartments and commercial offices and the construction of a new hotel and student accommodation.

It will also include the opening up of an area that will extend the width of the facility to become a dynamic and lively seven day a week destination with a wide range of award winning restaurants, bars and cafes, along with independent boutiques and specialist fashion to foodie shops.

Along with this re-imagined pedestrianised lane there will also be a plaza, both adding to the sense of space and creating an area that can thrive with people and activity, where there is currently nothing. The ultimate aim is to give the area its own unique style as a new urban quarter through repair of the city block, site configuration, building design and diverse mix of use.

In total, the development is expected to support around 320 jobs in the city centre, while also adding to the city’s wide ranging appeal to all categories of traveller and students.

Glasgow Chamber of Commerce chief executive, Stuart Patrick, commented: “These development plans offer an opportunity to regenerate a prominent city centre site, part of which has been left derelict for more than 80 years.

“From a series of run-down buildings and an empty patch of land, the plans will create an area that thrives with people and businesses. The mix of offices, leisure and retail destined for this site, bringing both jobs and new visitors, will be of tremendous value to the city as a whole.”