Home » News » Dublin Apartment Development: Hines Secures Planning Permission

Dublin Apartment Development: Hines Secures Planning Permission

by Emma Walker – News Editor

Hines Receives Dublin City ⁤Council Approval for Drumcondra Apartment Scheme

Dublin City Council ⁢has approved a​ large-scale ​residential⁢ development ⁣by Hines,⁤ teh ⁣international property firm, on⁤ the site ⁤of the ⁤former Holy Cross‌ College ‌in Drumcondra. The project, undertaken through⁤ Hines’ partner fund‍ CWTC Multi-Family⁣ ICAV, will⁢ deliver 1,131 apartments, including a 13-story building, at the Clonliffe Road​ location.

This approval⁤ follows‌ a complex planning history for the⁢ site.Four years ago, Hines‍ initially proposed a‍ 1,614-unit scheme​ under ⁤the Strategic ‍Housing Development (SHD) process⁤ too An Bord Pleanála. While that plan, featuring ⁢an 18-story tower, received approval, it was later overturned by the High Court ‍following a legal challenge.

The Council’s planning ‍report strongly⁤ supports⁣ the ⁣revised proposal, highlighting the site’s potential for “high quality‍ residential development at a lasting density” within walking distance of Drumcondra village. the report explicitly states the development is “unlikely [to] result in an⁣ unacceptable negative impact ‌on the amenities of⁣ the surrounding area.”

Reflecting the project’s significant scale,‌ Hines will contribute €8.39 million to the Council​ to support the provision of public⁣ infrastructure. The developer has also indicated a⁢ €64.57 million valuation for 113 apartments and studios earmarked for sale to Dublin ‍City⁢ Council for ​social housing. Indicative pricing ‌for these units ranges from €360,266 for studios, €569,892 ‌for ⁢one-bedroom apartments, and €717,843 for ⁢two-bedroom, four-person ⁤units.

Negotiations on a final price⁣ for the social‌ housing⁣ units will commence between Hines⁣ and the Council ⁣if no ⁢appeal‍ is submitted to An Coimisiún Pleanála (ACP). Public⁣ opposition⁣ to the current scheme has been minimal, with⁢ only three‍ local residents‍ requesting an outright refusal. This contrasts sharply with the 120 submissions received‍ for the⁣ original, larger⁤ scheme, including an objection from Sinn Féin leader Mary Lou McDonald ‌TD, who expressed concerns that the development⁤ would worsen the existing housing ‍crisis.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.