Monday 21 October 2019

IPUT given green light for major retail extension at The Park in Carrickmines

Bord Pleanála sets tough conditions

What’s in store: Artist’s impressions of the planned Quad 3 development at The Park retail business complex in Carrickmines
What’s in store: Artist’s impressions of the planned Quad 3 development at The Park retail business complex in Carrickmines
What’s in store: Artist’s impressions of the planned Quad 3 development at The Park retail business complex in Carrickmines
Donal Buckley

Donal Buckley

IPUT, one of Ireland's largest institutional property investors, has received the green light for a major extension to The Park retail business complex in Carrickmines, Dublin 18.

However, An Bord Pleanála has set some onerous conditions which could add to the cost of the project. These include a condition that the Ballyogan Link Road would be operational prior to the occupation of any part of the new development, known as Quad 3. IPUT, in its appeal against Dún Laoghaire-Rathdown's decision, had claimed that this condition was unreasonable as it would impact on the funding and viability of the scheme and would take nine months to complete and delay the project.

The Bord has also restricted the amount of retail space to a net floor area of 6,000 sq m, whereas IPUT sought permission for 7,983 sq m of gross floor area. This retail will include two supermarkets of 1,725 sq m and 1,390 sq m.

The Bord has also upheld the council's decision to restrict to 900 the number of seats in the planned seven-screen cinema.

Quad 3 will also include 130 apartments which IPUT may consider selling en bloc as the firm does not include residential units in its existing investment portfolio.

In addition to the retail space, the project will also include 11,154 sq m of gross retail warehousing and 552 sq m of gross retail services such as shoe repairs. However, the Bord has set conditions on the retail warehouse space which is to be used only for bulky goods and IPUT is not to add further mezzanine floors without first getting planning permission.

To encourage shopper dwell time, IPUT will add 3,210 sq m of food and beverage operations. Already The Park offers a choice of eight food and beverage operators including drive-throughs such as McDonald's, Costa Coffee and Kentucky Fried Chicken. Other F&B operators are Barry & Browne, Brown Cow, Subway, BB's and the Vanilla Pod Eatery.

Hundreds of visiting cars will be accommodated in basement car parking containing 966 spaces and 54 surface spaces. Quad 3's catchment will include the nearby Carrickmines, Ballyogan, Foxrock and Cabinteely areas which straddle the M50 motorway near Exit 15.

Other features to extend shoppers' dwell time will be new leisure facilities extending to 3,235 sq m, including the cinema and a 590 sq m indoor skydiving facility.

In addition to what its website describes as "a stunning new public parkland" of over three acres, Quad 3 will incorporate a children's playground, while large open plazas are designed to accommodate a range of entertainment events as well as providing a meeting place and focal point for the scheme.

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