Southbank development finally dead
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I thought as much when I saw the new planning application, but here it is in layman’s terms:
http://www.unison.ie/irish_independent/stories.php3?ca=302&si=1284070&issue_id=11665
€350m Ringsend plan re-submitted
FRESH plans for a €350m development overlooking Sandymount strand in Dublin 4, have been submitted by Liam Carroll’s Fabrizia Developments. The plans differ substantially from the previous plans for a 30-storey tower and mainly commercial development which Fabrizia submitted for the former AIB sports grounds in Rinsgend. The height and commercial element have been reduced and plans for a hotel have been dropped.
Instead more than 780 new apartments have been introduced. In addition six office blocks have been retained with as much as 21,804 sq m of office space an additional 2,600 sq m of retail space as well as a bar and restaurant. Most of the 16 blocks will be six storeys and will be devoted to residential accommodation. All of the office blocks will be seven storeys and one of the mixed blocks will have an eight-storey feature.
The inclusion of so much office space might be considered a sign of Mr Carroll’s confidence in office demand in the Dublin 4 area, especially considering the supply which he himself is bringing on stream in the nearby Gasworks project in Barrow Street. Additional offices are also planned by other developers for the nearby Grand Canal Harbour area.
Located on South Bank Road close to Sean Moore Park and the Irish Glass Bottle Plant, Carroll’s site was purchased in 1999 for more than €31m from AIB.
Mr Carroll had initially considered developing housing on the site but then changed his mind because of the effects that the Bacon Report had on discouraging residential investors at a time when commercial demand remained strong. Since then the office market suffered over-supply and in the meantime investors have been encouraged to come back into the residential market.
As well as some of the higher floors having views of Dublin Bay, the project will also be within walking distance of the DART and Landsdowne Road.
Standard two-bedroom apartments in the Ringsend area are selling from €380,000 but penthouse units with sea views could expect to exceed €1m.
Donal Buckley
This is the development that was planned:
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