14 sites for 20,000 rapid-build homes across the city over the next four years
The Government has identified 14 sites in Dublin that will be earmarked for rapid delivery of new homes.
The sites across the four Dublin local authorities are capable of producing more than 20,000 homes over the next three or four years and more than 50,000 over the longer-term.
Work on a new town in south Dublin will begin this week.
Brian Moran, from Hines Ireland, said work on building roads, parks and utilities at Cherrywood would begin over the coming days, and work on a town centre was expected to begin by late next summer.
Hines owns 60pc of the land in the Cherrywood Strategic Devel- opment Zone (SDZ), which is subject to a local authority masterplan, and building roads and parks ahead of new homes was about "placemaking", he told a Rebuilding Ireland conference.
"Cherrywood is the best site in Dublin - it's very well connected and in Dun Laoghaire- Rathdown it's the best place to be in the city," he said.
"The big challenge for us is putting life and details on the vision the council came up with. We own about 60pc of the SDZ, and there are about 10 owners. This week, we have pressed the button on the utilities, roads and parks being built.
"This is typical of Hines - we build the roads and parks upfront and then we will partner with other home-builders before taking on the town centre project."
The scheme includes three parks. Tully Park has Tully church at its centre, and will be the size of St Stephen's Green; the second, Beckett Park, will include all-weather playing pitches and tennis courts; Ticknick Park, the size of Marly Park, will have pitches and 9kms of walking and running tracks.
Planning permission will be sought for a new town centre early next year, with a view to beginning construction by the end of next summer, Mr Moran said.
Residential units will range in scale from small studios to three bedroom units and common areas and party rooms will be included in the development. Two thousand will be delivered over the next three to four years.
Cherrywood is only one of several SDZs identified by the Government as having the potential to deliver new homes in the near term.
The biggest site is at Adams- town on the Kildare rail line, which is capable of delivering 2,500 homes. Over time, more than 7,400 are expected to be provided.
A special unit based in the Department of Housing will ensure that planning permission and other regulatory hurdles are swiftly dealt with on the key sites to boost supply as soon as possible.
Some of the lands will require infrastructure such as roads and community amenities to be put in place before construction works begin.
Applications from 21 local authorities to avail of a €200m Local Infrastructure Fund have been received, Housing Minister Simon Coveney said, adding that the amounts sought totalled €800m.
"If we are to achieve two of the core objectives of the (Rebuilding Ireland) plan - increasing supply to a minimum of 25,000 homes per annum and providing the 47,000 social homes committed to - we must speed up the processes that lead to housing delivery and we must make it more efficient to deliver the homes that people need and where they need them," the minister said.
"The lack of supply of homes is central to wider problems in the housing sector.
"Current supply is half of what's needed, even before you factor in pent-up demand.
"Lack of supply is driving up prices and increasing rents, which in turn influences homelessness."