The Arches has been awarded the coveted Commercial Project of the Year title in the Herald Property Awards for Scotland, held in Glasgow on last week.
The prestigious award recognises the huge progress that The Arches has made in 2016, transforming a formerly neglected part of Edinburgh into a vibrant leisure and commercial quarter in the heart of the Old Town.
The judges were “incredibly impressed” with The Arches, describing it as “a stand-out entry in a hugely competitive category.”
Accepting the award, Clive Wilding, New Waverley’s Project Director added: “The Arches has been an amazing success for New Waverley this year, both in the quality of its design and in the quality of its tenants. We have seen the area transformed from a quiet back street into a buzzing, exciting place to visit, offering something completely different to other city centre locations.
“It’s great news that The Arches is now recognised by our industry peers as Scotland’s top commercial project, providing a high profile gateway for the rest of the New Waverley development which is now progressing on all fronts.”
The Arches is a row of 19 newly renovated Victorian arches on East Market Street, Edinburgh – part of the £150 million New Waverley development currently transforming the heart of the Old Town. The project was delivered in partnership with Edinburgh-based Staran Architects, Union Projects and Horizon M&E Services Design Ltd.
The spectacular C-listed brickwork arches were originally constructed in 1875 to create double-height openings beneath the city’s Jeffrey Street. Now Artisan Real Estate Investors, the developer behind New Waverley, has brought the historic arches back to life, bringing together an eclectic community of independent retailers, cafes and restaurants to provide a refreshing contrast to typical high street environments.
Currently, 15 of The Arches are occupied, with tenants including Chop House, Vino, Gannet & Guga, Elk and Wolf, Juice Warrior, Lauren Gollan Academy of Make-Up Artistry, Baba Budan, Mudo Art, Tempo Tea Bar and 6 Yard Box.