| Comment | Was originally trying to reply to someone complaining about this, but it wouldn't let me. So I'll just post here:
Rents have appreciated to such a level in Glasgow (read UK, or the wider western world) that it makes economic sense to develop banked land rather than sit on it. Especially when compared to other opportunities for investment in land ownership, such as retail (which the bottom has largely fallen out of, thanks to online shopping more than anything).
It's why we're seeing abandoned, brownfield gap sites in Glasgow get developed at a rate unseen in decades.
If you own a site which is effectively in Glasgow City Centre, but outwith its conservation zone, is close to several decent local and regional transit options, and is in an area where urban blight is already pretty bad, a tower is a fairly sensible shout. |
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