Pictured: Dublin's Liberties is in line for €200m regeneration - including a micro brewery and indoor market
A scheme with an estimated value of over €200m and aimed towards the regeneration of the Newmarket Square area in Dublin's historic Liberties has been announced.
The proposed scheme, the plans for which are currently being lodged with Dublin City Council, would see the delivery of a 239-bedroom hotel, a new indoor market, micro brewery, retail and office space and residential accommodation.
A total of 500 jobs are to be created during the project's construction phase according to the project's promoters, the Newmarket Partnership, while an estimated 1,700 permanent positions will become available upon its completion.
The regeneration of Newmarket Square will involve the demolition of a 1970s enterprise centre and its replacement with a hotel, retail space and residential units. The overall development, which includes regeneration work on the adjoining Mill Street, is set to extend to over 400,000 sq ft.
The scheme will, according to its promoters, augment the already-successful Teelings Distillery which is now one of the top visitor attractions in the country.
It will also complement Dublin City Council's proposed €3.2m upgrade works to Newmarket Square. The wider Liberties area has undergone significant change in recent years with the construction of student and other accommodation, including new hotel construction. The hotel proposed for Newmarket Square would be located directly across from the Teeling Distillery.
Agents Cushman & Wakefield have been engaged to handle future lettings at the development, while the design team is a partnership between two of Dublin's leading architects, Reddy Achitecture and Urbanism and Mola.
Commenting on its proposals, a spokesperson for the Newmarket Partnership said: "Newmarket Square has witnessed a rebirth thanks to the Teeling Distillery and a number of outdoor markets.
"We believe now is the time to transform the old enterprise centre into a residential and retail hub, with an iconic hotel and other attractions which will encourage people to not alone visit but reside in the heart of Dublin."