The development was delivered by River Clyde Homes, who have now handed over the keys to the 40 new properties.
Gary Wilson, Executive Director of Property Services, said: "This has been an exciting project to work on, given the historic nature of the site. From the beginning we wanted to ensure that the buildings complimented the 19th century setting, but were modern and energy efficient. This development is just the beginning of a new era of development for River Clyde Homes as we aim to build up to 750 new homes over the next five years.
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"River Clyde Homes is making real and tangible changes that are benefiting Port Glasgow residents, providing much-needed homes for social rent in the area. What we have achieved has been as a result of our excellent working relationship with our partners at Inverclyde Council and the Scottish Government."
The new residents celebrated their new homes by untying a knot in some nautical rope in tribute to the former ropeworks site.
Tom Ferrier, a River Clyde Homes Board member, added: "This is an exciting development; one that is beautifully designed in a great location. It's the kind of development I would like to see replicated across Inverclyde as I firmly believe our customers deserve the best quality homes that can be offered."
(CM/LM)
