herald

Sunday 11 December 2016

Plans to develop massive Dublin docklands site formerly owned by developer Liam Carroll

Dublin City Centre
Dublin City Centre

Planning permission has been sought for the first phase of what could be one of the single largest developments in Dublin’s docklands.

The venture, called Project Wave, will take up 10pc of the available land in the Docklands Strategic Development Zone (SDZ) and provide more than 50,000 sq ft of commercial buildings as well as over 250 apartments.

The scheme, which is being backed by Nama, will be located on a 2.2 hectare site on North Wall Quay, according to the Irish Times. The site was previously owned by well-known developer Liam Carroll.

Mr Carroll was the first mass-builder of flats in Dublin during the 90s. His group was later responsible for the landmark development at the Gasworks site in Dublin.

The SDZ, the council's fast-track planning scheme approved by An Bord Pleanala, has designated Mr Carroll's former site for a 70:30 commercial:residential split.

The project is to take place over three phases. It is being developed by Singapore-based firm Oxley Holdings and Sean Mulryan's Ballymore Properties, who will acquire a long-lease for the land. Nama will hold the freehold interest.

The first phase of the venture, if it secures permission, will involve two office blocks being constructed adjacent to the Central Bank.

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