Student accommodation plan sought for D1
A Nama-appointed receiver has submitted planning for what would be Dublin's largest ever off-campus student accommodation development.
PwC's Declan McDonald is seeking permission to develop the scheme beside the 3Arena in Dublin's Point Village. It will cater for as many as 970 students once complete.
The scheme will consist of two blocks of between six and eight storeys and will contain a mix of student clusters containing between five and eight-bed spaces, as well as twin and single study units.
Nama chief executive Brendan McDonagh commented: "Given the well-documented issues of the lack of supply of student accommodation in Dublin, this initiative will bring high quality and extra capacity at a time where it is much needed."
DTZ Sherry FitzGerald is acting as property advisers to the receiver and other stakeholders involved.
PwC's Mr McDonald, meanwhile, said the proposed development was in an "excellent location".
"The development is in a prime docklands site that is within walking distance of the National College of Ireland, Trinity College, Dublin Institute of Technology and a number of private colleges.
"As it is beside the Luas Point Village terminus, students will also have easy access to Cherrywood, Tallaght and the Grangegorman Student Campus as soon as the Luas Cross City project is complete," he added.
Mr McDonald made the application on behalf of the site owners Wintertide Limited (in receivership), Nama and CIE. The scheme has been designed by TP Bennett Architects, a specialist in student accommodation.