Re: Re: well what about the developments popping up in the shannonside ?

Home Forums Ireland well what about the developments popping up in the shannonside ? Re: Re: well what about the developments popping up in the shannonside ?

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LIMERICK businessman Tom O’Callaghan, has submitted a three hundred million euro redevelopment plan to City Council and has not ruled out the possibility of incorporating a purpose built roof to protect shoppers from the elements

“I want to completely transform the area”, Tom told the Limerick Post.

The proposed project takes in two blocks of land to the north-east and south-west of Upper William Street.

It is his intention to demolish existing buildings to enable an architecturally designed building of significant scale that assimilates into the existing streetscape.

The aim, adds Tom, is to link both sides of Upper William Street with an urban plaza/pedestrian area.

He also hopes to include a large open market, similar to that which pertains in Cork city.

O’Callaghan has already spent millions of euro in the Upper William Street area over the last nine years, owning a total of seven businesses.

Back in the early 1970s, the late Paddy Moran of Moran’s Menswear, had a similar plan to put a roof over the general William Street area.

His idea was greeted with enthusiasm at the time but never bore fruition.

The purpose of O’Callaghan’s submission is to identify a significant and dynamic project for Limerick City that will not only change the face of the public realm in Upper William Street but the lives of the citizens and will achieve sustainable redevelopment of the Upper William and Gerald Griffin Street areas of Limerick city.

The area has been identified by O’Callaghan Enterprises as a prime location for mixed development suitable for retail, commercial and residential uses. The company currently owns Alltan and Beauty, William Street Post Office, Tom’s Bar and Bistro, O’Callaghan Master Butchers and William Street Dry Cleaners.

Ladbrokes, the Centra Store and Subway are also owned by O’Callaghan Enterprises and are currently leased out. It is an objective of O’Callaghan Enterprises to invest in existing businesses and properties in the Upper William Street and Gerald Griffin Street area. The objective is to maintain an active and vibrantstreetscape to sustain and contribute to the daily activity and life in this area of the city, whilst accumulating a strategic land bank. This has been a fundamental core tenet of the company and is in contrast to other development groups who acquire property and leave it vacant over long periods pending redevelopment.

There are upwards of 60 people employed in O’Callaghan Enterprises, a company only four years old.

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