PTSB takes on Johnny Ronan over retail plan
Permanent TSB is challenging a decision to grant developer Johnny Ronan's RGRE permission to alter a premises on Grafton Street in Dublin from financial services to retail use.
According to the bank, the building on Grafton Street has been in use as a bank for over 40 years and changing it to a retail unit would reduce the mix of shops and facilities on the city's premier shopping street.
Architects and interior designers Oppermann Associates, acting on behalf of PTSB, submitted an appeal to An Bord Pleanala in recent days.
The premises, on the corner of Grafton Street and Harry Street, is a five-storey, red-brick building.
Ronan has already been given planning permission to develop a boutique guesthouse on the upper levels of the building despite the objections of a nearby pub, Bruxelles. It was initially expected that the PTSB branch would be unaffected by the plan. However, in September, RGRE outlined proposals to alter the ground floor to make it suitable for retail use. The street has seen a resurgence in demand for space from international retailers.
PTSB claims that plan would reduce the number of bank outlets on Grafton Street to two, which is contrary to Dublin City Council's aim of promoting diversity on the street. A decision is due next April.