Shelbourne to open Dawson Street department store

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    • #708336
      Rory W
      Participant

      From The Sunday Business Post 1/1/06

      Interesting eh?

      Shelbourne Development is believed to be in talks with a number of potential tenants about opening a department store on a site it owns on Dawson Street in Dublin city centre.

      The new store would be developed on the site of the Royal & Sun Alliance building, at the junction with Molesworth Street, in which the Government Publications Office is located. Shelbourne bought the building earlier this year for between €58 million and €63 million.

      Shelbourne is also working on a project to develop an indoor sporting and events arena in Dublin in a joint venture with Finnish company JHC Arena Holding Oy.

      The Dawson Street building is one of the key sites in the future development of the retail area around Grafton Street.

      A number of department stores, such as John Lewis, have been looking to open in Dublin city centre in recent years, but have been thwarted because of a lack of suitable shops being developed between Grafton Street and Henry Street.

      Shelbourne’s development director Tom Hamilton did not return a call seeking comment.

      Earlier this year Dublin city manager John Fitzgerald expressed concern at the falling quality of retailers on Grafton Street.

      He said the council was encouraging property owners to consolidate their holdings on Grafton Street and the surrounding areas to provide international fashion chains with the space they require.

      A department store on the Royal & Sun Alliance building site would conform with this, particularly because the Royal Hibernian Way, which links Dawson Street to Grafton Street, may also be redeveloped.

      Shelbourne, which is owned by Garrett Kelleher, already has an interest in the area as it owns five leases in the Creation Arcade, which is adjacent to Grafton Street.

      Shelbourne bought Findlater House on Upper O’Connell Street for more than €30 million earlier this year.

      It is developing an office block on St Stephen’s Green, which is expected to be let to Davy Stockbrokers.

    • #764990
      Paul Clerkin
      Keymaster

      Pity they couldnt redevelop Findlater House as a department store to bring people further up O’Connell Street – just the wrong site for one. You would have to be a very brave retailer.

    • #764991
      Anonymous
      Participant

      @Paul Clerkin wrote:

      Pity they couldnt redevelop Findlater House as a department store to bring people further up O’Connell Street – just the wrong site for one. You would have to be a very brave retailer.

      Or a very big International one with a sufficient draw to capitalise on the lower rent and clear accessibility; there are in business leaders and followers as was proven by Urban Outfitters very successful move to Cecilia Street but I fear that a supervalue is more likely.

      Great to see the RSA building coming down but it begs the question what will happen to the ceiling that was preserved insitu from the very fine town house that was there before?

    • #764992
      jdivision
      Participant

      It is all still subject to planning but they’ve had negotiations with a few people. The City Council have woken up and realised how much rates they are losing to out of town suburban centres, particularly Dundrum which I think is generating e2 million annually in rates for DLR. That makes it worth their while to encourage high density retail development around Grafton St. Makes ABP’s decision to refuse Joe O’Reilly’s first proposed scheme on South King Street all the more strange.

    • #764993
      Anonymous
      Participant

      I agree that DCC have finally realised just how much of the rates base has been usurped by projects such as Liffey Valley, Blanchardstown and more laterly Dundrum. However as both the Topshop and Habitat lettings have proven large International retailsers do not look at ‘Shopping Malls’ exclusively but will also consider large floorplates in attractive period buildings / smaller infill developments.

      ABP do not have any remit to regard the rates base of a particular local authority even one as corruption free as DCC.

    • #764994
      GrahamH
      Participant

      At least it’s the uglier of the Molesworth Two that’s in question. I kinda like the European Commission one – esp Fitzgerald’s windows up there, as per D’Olier House 🙂

      It’ll be interesting to see if this goes through, as retail has tended to spread west of Grafton St, halting to the east before Dawson St.
      Wonder what implications it may have for Molesworth St, if any. No real scope there for retail, but ‘niche’ traders in some of the converted houses might happen. It has already to a certain degree.

    • #764995
      jdivision
      Participant

      @Thomond Park wrote:

      I agree that DCC have finally realised just how much of the rates base has been usurped by projects such as Liffey Valley, Blanchardstown and more laterly Dundrum. However as both the Topshop and Habitat lettings have proven large International retailsers do not look at ‘Shopping Malls’ exclusively but will also consider large floorplates in attractive period buildings / smaller infill developments.

      ABP do not have any remit to regard the rates base of a particular local authority even one as corruption free as DCC.

      True, but if the council wants to encourage high density retail development in the Grafton Street to Henry Street area as part of its retail strategy I would think that ABP have to take that on board. How many times do you see out of town retail schemes refused planning because they would affect the town or city centre. The reverse of that in Dublin should be that the city centre’s requirement for substantial additional floorspace to compete with out of town centres should be considered by ABP when adjudicating on schemes. There are very few suitable sites for high density retail in that area – South King Street was one, the RSA building another – given the number of comparatively small properties around there and the fact that a number of them are probably listed. From what I’m told the school of music on Chatham St is also likely to be sold this year by the way and that’s also likely to be turned into a retail scheme.

    • #764996
      Anonymous
      Participant

      JD

      I agree with your general analysis save that no general economic theme should ever over-ride the proper planning and sustainable development of any particular area, In relation to South King Street is was not the retail element that scuppered that scheme which was of an exceptional standard but rather the huge residential element that was added to the roof of the exisitng building line.

      If the scale of the retail element of the South King Street Scheme were replicated on the Dawson Street Scheme I for one would consider it appropriate in planning terms as it would relate well to to the existing scale of the building lines and desirable in economic and retail legibility terms given the steady decline of the Royal Hibernian Way of late.

    • #764997
      Rory W
      Participant

      The Royal Hibernian Way has deliberately been allowed to decline as the owners are hoping to convert the whole Lord Mayor’s Walk into a single large unit!

      But as an aside, what will happen to the Hibernian Building at the bottom of Dawson Street when they move out to Hatch Street? I think Mr Wrecking ball may shortly be visiting!!!:)

    • #764998
      Anonymous
      Participant

      Royal & SunAlliance insurance company is moving its Irish headquarter offices from the centre of Dublin to the international award winning Dundrum Town Centre in one of the largest pre-let agreements in the city suburbs for the past five years.
      The company will be moving from three office buildings in Dawson Street and nearby South Frederick Street to the 6,284 sq m, self-contained office building at Dundrum under a 25-year lease.

      The agreement is the first office letting at Dundrum Town Centre. It was negotiated by Fionnuala O’Buachalla of Jones Lang LaSalle on behalf of Royal & SunAlliance and Roland O’Connell of Savills Hamilton Osborne King, with joint agents Atis Real, acting on behalf of Dundrum’s developer, Crossridge.

      “This letting is further proof of the importance of accessibility for corporate occupiers. The building is within a very short walk of Balally LUAS station. It is also within easy reach of the M50 junctions at Dundrum and Sandyford and is served by numerous bus routes. The move to Dundrum also provides staff and clients with access to an array of retail and other local amenities”.

      Internally, the building is finished to a modern standard with raised floors, suspended ceilings, light fittings and a chilled beam air conditioning system. The building will incorporate feature lighting and a piazza to the front, further adding to the profile. The move by Royal & SunAlliance is due to take place in June 2008.

      Iain Walsh, Finance Director, Royal & SunAlliance commented: “We’re very excited about our relocation to state of the art, environmentally friendly premises within the Dundrum Town Centre. It will be a tremendous base to operate from and staff will benefit from a great working environment. The new facility reflects our plans to grow our business in Ireland”

      Stage 1 the building is cleared I wonder will there be any further news on its redevelopment soon?

    • #764999
      jdivision
      Participant

      Tried to get an update last week on it but no luck

    • #765000
      Anonymous
      Participant

      Thanks for updating.

      No doubt there will be news before too long;

    • #765001
      notjim
      Participant

      @Rory W wrote:

      The Royal Hibernian Way has deliberately been allowed to decline as the owners are hoping to convert the whole Lord Mayor’s Walk into a single large unit!

      But as an aside, what will happen to the Hibernian Building at the bottom of Dawson Street when they move out to Hatch Street? I think Mr Wrecking ball may shortly be visiting!!!:)

      From an article in today’s Post (23 Sept) about plans for INM to open a third level college, “independent College”:

      The Dublin location is the Hibernian building on Dawson Street and planning permission for change of use is being sought at present. The Law Society exams course starts this November, and will be taught in the College of Physicians on Kildare Street.

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