THE developers behind the €1bn third phase of the Pavilions in Swords have said they 'remain committed' to the project – but admit that 'ongoing recessionary pressure' means they cannot name a start date.
Senior planner at Fingal County Council Peter Byrne told local councillors recently that he believed it was 'unlikely' that the 'super-development' would proceed in the current economic circumstances. But in response Pavilions developer Chartered Land told the Fingal Independent: 'Chartered Land remains committed to the delivery of the Phase Three extension to Swords Pavilions.' 'However, given the on-going recessionary pressure on the domestic economy it is not possible to confirm when precisely the project can proceed. '
We maintain regular contact with Fingal County Council regarding our plans.' The third phase of the development is the most ambitious yet and comes with a price tag of some €1 billion and more importantly, promises 4,000 jobs to the struggling local economy in the county capital. In 2009, An Bord Pleanála upheld the decision of Fingal County Council to grant permission for the project but construction is yet to start on the site. Marks and Spencer and the House of Fraser are the intended anchor tenants of the development which also includes 100 retail units, 200 residential units and four blocks of office space. The expansion of the Pavilions will also incorporate a number of new naturally-ventilated public streets, meeting places and exhibition spaces.
Central to the project is the the inclusion of over 40 new restaurants and street cafés, which will create a new social and cultural district for Swords. Some 3,000 jobs are expected to be provided during the construction phase of the development with 4,000 jobs created once the development is complete.