'Biggest ever development' will house 30,000
About 30,000 people are expected to be housed in a development heralded as the "biggest Ireland has ever seen".
Work has now begun on a new town in Cherrywood, South Dublin.
It will be a mixed development with apartments, town houses, family houses and a town centre.
Several developers have committed to building 8,000 houses, and a minimum of 800 of these will have to be used for social housing due to Government rules.
The site was described as "the biggest residential construction project Ireland has ever seen" by Housing Minister Simon Coveney.
"Some of the developers might decide to go more than 10pc because they'll be able to do a deal with local authorities to get payment up front.So they may go for 15 or 20pc, we'll have to wait and see," Mr Coveney said.
Hines is the largest developer and is set to build 4,000 housing units. It bought the land in 2014 and will employ 180 people in the first phase of the €160m project. Overall, 3,000 people are expected to be employed.
There will be 5.4km of roads and footpaths as well as three parks. These will be built before any residents move in, with most of the work expected to be done by spring 2018.
Beckett Park will be 13 acres, Ticknock Park 47 acres, and Tully park will be 22 acres.
Hines senior managing director, Brian Moran, said the new town centre would have a cinema, retail outlets, restaurants, bars, a health centre, library and offices. It is set to cost €875m.
There will be 1,300 apartments in the town centre, and the majority will be to rent. He said the development would have "something for everybody".
Construction of the apartments is expected to begin in autumn 2017.