Mystery as developer pays €1m for D4 site
A FINE Gael councillor has said he does not understand why property developer Paddy Mc- Killen bought a site adjoining Booterstown marsh for €1m.
The Belfast-born developer (inset) bought the 4.86-acre site beside a nature reserve for €1m, but the land is zoned for cultural or amenity use only.
"I don't understand it because I don't see it as a development opportunity," said Barry Ward.
"I'm totally opposed to any development and I'd do anything in my power to prevent it."
The Dublin 4 site has changed hands several times, with no development going ahead on it.
It was sold for €6m at the height of the boom.
The site was owned by developer Bernard McNamara who had proposed an apartment complex for it, but permission was refused.
The 2003 plan, which was turned down by An Bord Pleanala, included a public park and 53 apartment units in a five-storey block.
It then came under the control of the National Asset Management Agency (NAMA), which put it on the market in 2012 for €180,000, and Dun Laoghaire-Rathdown County Council and Dublin City Council put in a joint bid for the seaside site.
Their offer was topped, however, by a mystery business person who bought it for €400,000.
The latest owner, Mr McKillen, has not given any indication as to what he plans to do with the site.
Mr Ward told the Herald that "there's an awful lot of conditions with that land".
He added that it would be "hugely complicated to do anything with that land".
"I just don't know what he's going to do with that site," he said.
The land runs along 160 metres of Merrion Road with the Tara Towers Hotel directly behind it.