Developer Bernard McNamara has lodged a planning application for a major leisure and retail complex at Belgard Square in Tallaght, Dublin, which could present a challenge to Noel Smyth's The Square. Mr Smyth will today announce his plans for major regeneration at The Square.
Mr McNamara's company, Laytar Ltd, has submitted a planning application for 73,800 sq ft of shops, a new 14-screen multiplex cinema as well as a leisure bowling facility on a site at Belgard Square East, formerly occupied by Woodies.
This is just a stone's throw from the north-east of the existing UCI Cinema in The Square shopping centre.
Property experts will be hoping that Mr Smyth's regeneration plans will clarify his future intentions in relation to the development of a car park adjoining The Square. The site was the subject of unresolved litigation between him and developers Liam Carroll, Tom McFeely and Larry O'Mahony.
Preliminary information indicates that Mr Smyth's regeneration programme is expected to lead to the creation of thousands of new retail related jobs.
The launch will be attended by Arthur Ryan, who steered the spectacular growth of the clothing retail chain Penneys/Primark.