Marlet offers council 36 social housing apartments for €11.8m
DEVELOPER Pat Crean's Marlet group has offered 36 apartments for social housing to a Dublin local authority at an estimated cost of €11.8m.
The average indicative cost of the apartments will be €327,888 and they form part of two fast-track housing applications for the Dundrum area of Dublin by Marlet subsidiary, Crekav Trading GP.
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In documents lodged with An Bord Pleanála, Crekav Trading GP is proposing to sell 25 apartments from its planned 253 apartments at Greenacres, Longacre and Drumahill House, Upper Kilmacud Road, Dundrum to Dún Laoghaire Rathdown Co Council for €8.346m.
The Marlet firm is planning to sell 13 one-bedroom apartment for €3.3m; 10 two-bedroom apartments for €4m and two three-bedroom apartments for €969,224.
The one-bedroom apartments range from €239,903 to €266,259 with the two-bedroom apartments costing from €397,822 to €413,484 with the three-bedroom apartments costing €482,938 to €486,286.
In the second proposal, Crekav would sell 11 apartments from its 116 apartment plan for Walled Garden, Gort Mhuire, Dundrum for €3.458m to the council.
The proposal comprises seven one-bed apartments (€241,446 to €262,441) while the four two-bed apartments are from €414,657 to €430,404.
The Marlet subsidiary plan is the latest proposal by a builder to supply social homes in large-scale planning residential applications going before An Bord Pleanála under fast-track planning rules.
Focus Ireland Head of Advocacy Mike Allen said as private sector building supply increases, Part V "will become an increasingly important part of that supply". He said: "An increase in housing supply is an essential part of the solution to the housing crisis, but supplies of affordable and social housing are the key.
"The cost of these homes is justified due to the high demand for social housing and the agreed objective of social mix.
"Given the fact that most private developers are building for the top end of the market, the Part V units becoming available tend to be above the average housing price.
"To some extent this could be offset by better planning collaboration between councils and developers at an early stage so that homes destined for Part V could be build less expensively - but there are limitations to this approach as it is not conducive to social integration that the Part V homes be visibly segregated."