Sunday 17 December 2017

At least 3,000 new homes to be built in heart of Dublin

Multi-billion euro project for Irish Glass Bottle site

Housing Minister Simon Coveney. Photo: Douglas O'Connor
Housing Minister Simon Coveney. Photo: Douglas O'Connor
Paul Melia

Paul Melia

An ambitious multi-billion euro project to build at least 3,000 new homes in the middle of Dublin will be a blueprint for future city living.

The Irish Independent has learned that the Government has approved plans by Dublin City Council to create a strategic development zone at Poolbeg which will see homes finally being built on the notorious Irish Glass Bottle site.

Bought for more than €400m in 2006, but worth less than €50m today, the site is part of a 34-hectare landbank in Dublin 4 that will benefit from a fast-track planning process.

At least 3,000 new homes have been earmarked for the site, just a half-hour walk from the city centre, and will help alleviate the housing crisis currently crippling the capital.

And a minimum of 10pc of the units will be earmarked for social housing - although this could be increased further.

Housing Minister Simon Coveney said the plan will create "city living of real quality".

"We need to create and encourage a demand to live in the city, with city living of real quality, and using the transport networks and infrastructure the State has spent a lot of money on," he said.

Nama will spend €800m on the housing project.

Irish Independent

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