Glasgow City Council has signed an agreement with Glasgow Housing Association (GHA) and Keepmoat Homes to deliver the £250 million regeneration scheme.
The Sighthill Transformational Regeneration Area (TRA) will feature a total of 826 homes, as well as retail units and a commercial development being delivered over the next 10 years.
Overall, the scheme will deliver almost 1,000 new homes for sale and rent, along with a new community school campus, a new footbridge across the M8 connecting Sighthill to the neighbouring city centre, a new road bridge across the railway to link Sighthill and Port Dundas and an improved parkland throughout the entire area. In addition, active travel routes will be developed to and from the city centre.
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Cllr Kenny McLean said: "The signing of this agreement between Glasgow City Council, Glasgow Housing Association and Keepmoat Homes is another milestone in the regeneration of Sighthill.
"The transformation of the area will serve as an example of what can be done in urban regeneration, with the creation of a fantastic neighbourhood immediately beside the city centre. We can now anticipate this work starting and being able to watch the skyline of both Sighthill and Glasgow change over the years.
"I look forward to working with all our partners on the Sighthill TRA on this exciting project for Glasgow."
GHA Chair Bernadette Hewitt said: "This is a monumental milestone in the transformation of Sighthill. GHA is really proud to be a partner in this transformation and as part of this next phase we're building almost 200 homes for mid-market rent.
"The first phase of regeneration saw 141 new GHA homes for social rent built in 2015. Tenants in these high-quality, spacious modern homes are already saving money on their bills and enjoying a better quality of life as a result. It's a really exciting time for the area."
James Thomson, Chief Executive Officer of Keepmoat Homes, said: "Sighthill is a flagship development for Keepmoat Homes. We are delighted to have been chosen to work with Glasgow City Council and Glasgow Housing Association on this exciting regeneration programme and we will employ the greatest effort and care to ensure that the ambition of Transforming Communities: Glasgow is fulfilled and, as such, create an exciting, rich and desirable place to live, work and play."
(LM)
