Appeal planned as permission denied for €150m project
Published 02/04/2010 | 05:00
AN BORD Pleanala has refused planning permission for a €150m development that is expected to be brought under the control of the National Asset Management Agency (NAMA).
Ray Grehan, the developer of the Claremont project next to Howth Dart station in north Dublin, said he intended to assess the planning board's decision and resubmit plans for the apartment and commercial development within months.
He also said he was hopeful of getting funding to build the project.
Asked if the bank loan for the site would be transferred to NAMA he said: "All our (builders' and developers') loans will be transferred to NAMA. But I haven't heard from NAMA."
He is also considering the possibility of pressing ahead with a smaller development on 1.5 acres of the 11-acre site, for which he had previously received planning permission. This would include three buildings of five and six storeys incorporating 39 apartments and five shops with underground car parking.
Mr Grehan paid around €60m for the larger 11-acre property which had housed the Techrete concrete manufacturing works and, in 2006, he commissioned internationally renowned architect Lord Norman Foster to design the eight blocks, which include an 11-storey hotel, 386 luxury apartments, sports facilities, five shops, nine offices and a creche. All the apartments were designed to avail of sea views, some over the surrounding Claremont Strand.
Mr Grehan said he was disappointed with the refusals from both Fingal County Council and An Bord Pleanala, adding that his team at Glenkerrin Homes had spent 18 months working on the plans.