Monday 27 May 2019

Stampede by developers to build apartments as they plot bonanza across the capital

The stampede by developers to build apartments in Dublin and other large urban areas continues with applications for more than 1,200 apartments put before An Bord Pleanála over four days. Stock Image: Bloomberg
The stampede by developers to build apartments in Dublin and other large urban areas continues with applications for more than 1,200 apartments put before An Bord Pleanála over four days. Stock Image: Bloomberg

Gordon Deegan and Kevin Doyle

The stampede by developers to build apartments in Dublin and other large urban areas continues with applications for more than 1,200 apartments put before An Bord Pleanála over four days.

One of the country's largest builders, Glenveagh Homes, is leading the charge with two applications for 527 flats at two locations in Dublin amongst the six large scale applications made last week.

The builder has put before the appeals board plans to construct 473 dwellings, including 353 apartments, at Citywest and 174 apartments at Hearse Road, Donabate, instead of plans already granted permission for 35 houses and 62 apartments at the location.

The applications are under the Government's Strategic House Development (SHD) regime and follow plans for 2,600 dwellings - mainly apartments - put before the board in the week prior to the new tranche of applications.

Dundrum Retail Partnership has signalled its intention to seek planning for 109 apartments at Dundrum shopping centre, while the Davy Platform ICAV has lodged details to build 222 apartments on Finglas Road, Dublin.

Viscount Securities is to seek planning for 197 apartments to replace an existing permission for 56 flats at Clay Farm, Ballyogan Road, Dublin 18.

Outside the capital, Westar Investments intends to construct 300 dwellings, made up of 158 apartments and 142 houses at Clane, Co Kildare.

A spokesman for Glenveagh Homes declined to state if the new apartments planned by the company are 'build-to-rent'.

He stated: "Glenveagh's applications are consistent with its plans to deliver 2,500 units per annum at scale across the business."

Director of Advocacy at Focus Ireland Mike Allen said they welcomed the delivery of all new housing. He added: "However, Focus Ireland has some concern Government policy is too reliant on a 'developer-led' model which inevitably shifts supply towards housing where the highest profit is likely."

Meanwhile, a development firm is planning to build homes for sale and rent based on their proximity to the Dublin Metro, which isn't due until 2027. Bartra Capital Property is already promoting the project online as 'Metro North Stop, Northwood' in Santry.

The proposal has been delayed due to ongoing reviews of the route - but Bartra told the Irish Independent it fully intends to proceed.

It hopes to get permission for a mixed-use development with around 100 'build-to-rent' apartments, 250 bed spaces in a 'shared living' environment and 100 social houses.

A spokesperson for Bartra said it had been "attempting to progress this for the last three years but has been held up by the ongoing review of the proposed Metrolink route".

Last month, Transport Infrastructure Ireland (TII) published the emerging preferred route which is now expected to allow the Metro from Sword to Charlemont, via Dublin Airport, to proceed.

"The route now proposed and its alignment will affect our previous design approach in terms of site layout," the spokesperson said.

"We will need to work closely with TII's technical team to allow development to progress at the earliest opportunity and TII has indicated a willingness to do this."

Local Fine Gael TD Noel Rock said the promise of new housing in the area was to be welcomed.

Irish Independent

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