Monday 19 March 2018

Kavanagh plans new six-storey development on city centre site

Developer Greg Kananagh
Developer Greg Kananagh
John Mulligan

John Mulligan

Greg Kavanagh's Crekav property group has applied for planning permission to build a six-storey, mixed use development on a prime Dublin city centre site near Pearse Street.

Mr Kavanagh aims to demolish the An Post depot at Cardiff Lane. The postal firm sold the 2.3 acre site last year, and it had a face value of €45m.

As part of the deal, the buyer had to relocate the sorting office to a similarly-sized site within about a 2km radius.

Mr Kavanagh's Crekav Landbank Investments plans to level the An Post site and embark on a commercial, retail and residential development in two blocks. The residential element will include 47 apartments. Crekav will also build a new pedestrian street.

The site is opposite the Daniel Libeskind-designed No 2 Grand Canal Square that is home to law firm William Fry. It's also beside Facebook's European HQ, and the distinctive Bord Gais Energy Theatre.

The application by Crekav Landbank Investments - which is backed by Prudential Assurance - comes in the same week that An Bord Pleanala blocked some of the company's other building plans in Dublin.

It has been refused permission by the body to build 15 houses in Shankill in the south of the city, while An Bord Pleanála has also denied it permission to build nine homes at an upmarket address in Howth, on the northside. The company has also recently been denied permission by An Bord Pleanala to build 130 apartments in Kilmacud in Dublin.

Irish Independent

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