Noel Smyth in new plan for St Michael's seafront car park site
Developer Noel Smyth is readying a plan to deliver a scheme of 100 Build-to-Rent (BTR) apartments on a seafront car park his company owns to the rear of St Michael's Hospital on Crofton Road in Dun Laoghaire, Co Dublin.
While the planning application for the proposed development has yet to be submitted to Dun Laoghaire County Council, the Irish Independent understands it will include a pledge to provide 20pc of the apartment units for social housing.
Should the plan get the go-ahead, the remainder of the scheme will be aimed at serving the large cohort of so-called 'empty nesters' looking to trade down from their existing homes.
The proposed development would be attractive to those already living in Dun Laoghaire and the surrounding areas of Monkstown, Glastule, Glenageary, Dalkey, and Killiney.
It is understood the proposed scheme will be looking to attract those looking to rent an apartment either on a short-term basis, or for the medium to long term.
While Mr Smyth had sought in 2007 to develop 80 apartments and two shops on the St Michael's car park site, that plan was shot down by Dun Laoghaire County Council.
In a subsequent adjudication on the matter, An Bord Pleanala upheld the council's decision. The Bord stated that the development which would have ranged from six to eight storeys and be located opposite Dún Laoghaire Harbour, "would constitute an overly dominant and oppressive appearance on the streetscape".