Stack A

Re: Stack A

Postby jdivision » Fri Feb 20, 2009 6:31 pm

notjim wrote:I often walk through this and, while the footfall is low during most of the day, it does get quite crowded at lunchtime, the little noodle place is packed for example. The retail has been surprisingly stable, nothing has closed yet as far as I can see.


Most of them have two years rent free at least so they don't have the normal major overhead for the moment. When they do they'll close in droves
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Re: Stack A

Postby Devin » Fri Feb 20, 2009 8:33 pm

Shiittt !!
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Re: Stack A

Postby johnglas » Sat Feb 21, 2009 12:41 am

jdivision; maybe in the current climate (economies everywhere imploding, not just in your neck of the woods) owners will get more 'realistic' about rents and tenancies and value occupancy over empty. Saw this place in Dec; thought it a waste that the great space was compromised, but thought the sub-division had been done in the least offensive way. One of Dublin's great interiors, surely.
When will the basement open? That will be a tour-de-force - anyone any pics?
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Re: Stack A

Postby jdivision » Sat Feb 21, 2009 3:12 am

johnglas wrote:jdivision; maybe in the current climate (economies everywhere imploding, not just in your neck of the woods) owners will get more 'realistic' about rents and tenancies and value occupancy over empty. Saw this place in Dec; thought it a waste that the great space was compromised, but thought the sub-division had been done in the least offensive way. One of Dublin's great interiors, surely.
When will the basement open? That will be a tour-de-force - anyone any pics?



One of the city's great interiors? Yes. Does it even begin to live up to what was promised in terms of retail mix? Definitely not. Does it even get close? No. Questions have to be asked about how it was handled, and the fact that the DDDA was willing to sell it off to a developer for less than what it cost to develop is illustrative. The fact he pulled out of the deal even more so. How any project can have 25% of its build cost go on professional fees is beyond me.
shopping centre landlords are proactively taking steps that you suggest. Rents are being reduced by many owners for those retailers who can produce documentary proof of their struggles. That would be a lot of them these days.
They can't find anyone for the basement, terence conran pulled out ages ago
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Re: Stack A

Postby johnglas » Sat Feb 21, 2009 2:24 pm

Yes, it's a sad tale, but not untypical. Unpalatable as it may be, there are going to have to be many lines drawn under many dodgy deals, until this recession (depression?) is over. But we cannot go back to where we were and at least the building remains with a tremendous potential for the future.
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Re: Stack A

Postby d_d_dallas » Mon Feb 23, 2009 11:42 am

Weren't Harvey Nic's interested in taking the whole thing pre their Dundrum outlet?

Hindsight is 20/20!
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Re: Stack A

Postby jdivision » Mon Feb 23, 2009 1:05 pm

d_d_dallas wrote:Weren't Harvey Nic's interested in taking the whole thing pre their Dundrum outlet?


Yep but car parking issues meant they said no. In addition, rumour has it the DDDA didn't want to give them the whole thing, so Harvey Nicks felt they wouldn't have enough space to make it worthwhile.
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Re: Stack A

Postby poukai » Mon Feb 23, 2009 2:05 pm

Agreed it is a pity to see that aside from lunchtime, the place is pretty much empty... There are quite a few nice shops in there, that probably deserve a bit more passing trade. Admittedly it could probably have done with at least one more crowd-attracting brand like an M&S or something...

Ely CHQ makes pretty good use of the downstairs, the arches are very nice and make lovely intimate settings. However the rest of the downstairs is still empty and unused which is a shame, could be nice for an exhibition space at least.
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Re: Stack A

Postby wearnicehats » Mon Mar 29, 2010 1:58 pm

http://www.irishtimes.com/newspaper/ireland/2010/0329/1224267278845.html


COLM KEENA Public Affairs Correspondent

A WEALTHY individual has approached the Dublin Docklands Development Authority (DDDA)with a view to “taking over” the CHQ or Stack A building, according to a group that would prefer to see the building host a science museum.

Seana Kevany, a member of the Discovery group which has been campaigning for the establishment of a science museum at the building, said she and others were told this when they met the authority’s chief executive, Gerry Kelly, on Friday last.

Ms Kevany said they were told the idea would be brought to the board on May 10th, but that Mr Kelly would not say who the individual was, or what he wanted to do with the building.

The building was restored at a cost of approximately €30 million and opened as a retail centre in 2006. It is understood to be losing money and the authority is known to be looking at alternative uses.

Discovery wants half the building to be given over to a science museum. The establishment of a museum has long been a policy objective of the authority, though one that has never been achieved. Leases in the docklands provide for a levy that would fund a museum and that would come into effect once one was opened.

An authority spokesman said it remains “committed to CHQ as a retail outlet. We are working with the tenants in the building to make it as successful as possible.”

Meanwhile, Fine Gael TD Phil Hogan yesterday released documents showing former DDDA chief executive Paul Maloney writing to Mary Moylan, a civil servant with the Department of the Environment and a director of the DDDA, on October 2nd, 2006, seeking to have a €127 million borrowing facility put in place, following a decision of the authority.

The move was related to the authority’s subsequent disastrous purchase of the Irish Glass Bottle site in Ringsend, in a joint venture with developers Bernard McNamara and Derek Quinlan.

Minutes of a board meeting of the following day, show Mr Maloney raising the issue for the first time with the board, with Ms Moylan attending the meeting.

A source said such matters are often progressed in parallel informal and formal processes, and this could explain the dates
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