The entire development, worth more than £90M, is said to be among the most ambitious projects ever undertaken by CALA.
The site was vacated some years ago and the project will bring to life one of the most important sites in Scotland.
The scheme includes the construction of a sweeping curve of 84 steel-framed, glass-fronted, contemporary residences set within one of the Scottish capital’s most iconic locations. The new build terrace will be similar in form and height to many of the famous Georgian terraces in the city.
The works also include the renovation and conversion of the adjacent A-Listed Playfair building into apartments.
David McGrath, Managing Director of CALA Homes (East) said: “This has been a major focus of ours for the past few years and we fully understand the responsibilities of developing within the World Heritage Site.”
Bruce Dickson, Regional Director of BAM Construction, said: “CALA Homes is recognised as the pre-eminent developer of upmarket homes in Scotland.
“We are thrilled to be involved in such an ambitious project here at The Crescent. CALA Homes have brought BAM on board for our expertise in delivering major complex construction projects.