Business Irish

Monday 14 October 2019

Ergo: Crean eyes 512 new homes at prime Howth development

Irish racehorse trainer Fozzy Stack
Irish racehorse trainer Fozzy Stack

Howth locals have been awaiting the development of the former Techrete site for some time. Three years ago it was the subject of much consideration by Nama-appointed receivers Grant Thornton.

The receivers had three options for the seafront site: sell it; build it with a joint venture partner; or retain control of the site and get a contractor to build it out.

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Last August, the site was scooped up as part of a land holding known as 'Project Pier' by developer Pat Crean. His Marlet property group was reported as paying around €30m for the portfolio.

Grant Thorton was of the opinion that the final site may house around 200 residential units, a commercial building, and almost 500 parking spaces in its development strategy for the site. Later a feasibility study suggested that as many as 340 apartment could go on the site.

The site's new owner seems to have a different idea in mind.

Ergo notes he has begun a consultation with An Bord Pleanála through the fast-track planning system.

The plan has been put forward by the Atlas GP group, which Crean is a listed director of with Paul Horn and Roisin Sweeney.

Atlas is seeking permission to build 512 new homes on the high-profile site, which sits along the seafront in Howth, north Dublin. If approved the development will also be home to a creche and four commercial units.

The planning board expects to make a decision on the development by August 8.

Trainer Fozzy Stack puts horses up for Goffs sale

Up-and-coming trainer Fozzy Stack is selling two horses on the eve of Ascot, at the Goffs London sale tomorrow in Kensington Gardens. 

His father is the legendary Tommy Stack, who won in Ascot with Lolly for Dolly in 2011. He rode his way into racing history when he guided Red Rum to a third Grand National victory. This is Fozzy's third year training in his own right - his biggest success has been winning the Ayr Gold Cup in Ayr, Scotland last September with a horse called Son of Rest ridden by Chris Hayes.

The horses for sale will be Mohican Heights and American Lady. Mohican Heights won in Leopardstown over seven furlongs on May 17 and will run in Ascot next Saturday in the Chesham Stakes. The Goffs London sales has generated total sales of £25m in its first five years - 2019 is its sixth year.

Image Media makes finals

The company behind Image Magazine, Image Media, has been chosen as a finalist in the US-based Digiday Publishing Awards. It is shortlisted in two categories: Most Modern Legacy Brand, and Best Use of Voice for IMAGE’s Smart Casual podcast, produced in partnership with Kildare Village. Image Media is joined by global brands including CNBC, ABC, National Geographic, USA Today and Bloomberg Media in the two categories.

This year’s winners will be announced on September 12 at the Digiday Publishing Awards Gala in New York.

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