Dublin City Council has given the green light for an eight-storey, 144-bedroom hotel and a 69-unit build-to-rent shared co-living development in the Liberties area of Dublin.
The council has given the go-ahead to TC Fumbally Properties for the plan at a junction which links New Row South with Mill Street, and Blackpitts with Ward's Hill, in spite of strong local opposition.
In response to the D8 proposal, which includes a restaurant and co-working/artistic creative studios, more than 25 objections were lodged.
Solidarity-People Before Profit TD Brid Smith was one of those to object.
"There is too much temporary accommodation already operational, under construction or granted permission in the area, including hotels, apart-hotels and student accommodation which is actually out of reach for most students," Ms Smith said.
She also hit out at the co-living aspect of the plan, calling the idea "completely unacceptable".
"Just because this type of accommodation has been established in other cities or countries doesn't mean that it is a good idea," Ms Smith said.
Sinn Fein TD Aengus O Snodaigh also opposed the plan.
"There is, I believe, already a glut of student co-living and other accommodation for a transient population in this area and more to come, and this is contrary to the local area plan," he said.
Co-living company The Collective purchased the site from Oakmount, led by Paddy McKillen Jnr and Matt Ryan, for around €10.5m last year.
Planning consultants for the scheme, John Spain & Associates, told the council that the site is an appropriate location for the co-living aspect of the plan as it is within the city centre and close to a number of employment hubs.
They also said the plan will significantly improve an under-utilised site in a strategic inner city location.
The council had put the plan on hold last year and asked the applicants to outline the justification for the shared living component of the plan.
In response, the applicants said "there is research which demonstrates that shared accommodation is more affordable than renting a typical apartment".