Business Irish

Saturday 25 November 2017

McKillen plans a nightclub for Harcourt Street

Property developer Paddy McKillen is planning to convert part of a Harcourt St office property into a nightclub.

The move will bring new competition to a street which already hosts some of Dublin's leading clubs. His nightclub will be located in the basement of 32, 33 and 34, Harcourt St, next door to one of Dublin's most popular night clubs, Copper Face Jacks and it will also compete with Krystle night club which is only a few doors away, and Tripod which is nearby.

A spokesperson says that the application was in response to an enquiry from a night club operator about taking a lease on Mr McKillen's basement. The application in the name of one of his companies, May Property Holdings, is designed to add value to the revamped Georgian building.

Formerly the offices of ICC Bank, Mr McKillen's agents, HT Meagher O'Reilly, have been seeking tenants for the offices at rents of less than €20 per sq ft for each of the floors of around 4,500 sq ft or the entire including the basement which extends to 20,000 sq ft with 27 parking spaces to the rear.

The plans indicate that part of this parking area would be converted into a smoking area.

The move is not altogether surprising considering that Dublin office vacancy levels are running at over 21pc. A number of well known buildings on the street, including the revamped former Children's Hospital as well as the former Department of Justice offices, have also been trying to attract office tenants for some time.

Meanwhile, another of his property ventures has completed a deal to sign up US fashion chain Abercrombie & Fitch as a tenant in another of his properties in Dublin city centre at a quite lucrative rent.

A McKillen joint venture, Clarendon Properties, had bought the College Green premises from Bank of Ireland a number of years ago and part of it has been vacant for over a year since the former Habitat furniture operator went out of business. Clarendon also owns the Powerscourt House shopping centre in South William St, which has had night clubs in its basement.

Irish Independent

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