Individuals and small families on Dublin City Council's housing list are set to be offered luxury apartments in a new 12-storey block in Dublin 4 that will contain 18 €1m units.
The Donnybrook Partnership has lodged fast-track plans for the 148 apartments at Eglington Road, Donnybrook, Dublin 4, to An Bord Pleanála.
As part of the applicant's Part V obligations to allocate 10pc of the development towards social housing, the Donnybrook Partnership is planning to sell 14 apartments to Dublin City Council at an indicative cost of €9.18m for social housing.
The developers have put an indicative price tag of €762,916 on each of the nine two-bedroom apartments it proposes to provide for social housing and €469,177 on each of the five one-bedroom apartments it is proposing to sell to the council.
The proposal includes 18 apartments comprising an area of over 1,100 sq ft each with an indicative price of over €1m and the developers have not put any of those apartments forward for social housing.
In a letter to the council, the partnership said the content of the letter concerning the costings was "purely indicative" and was intended to provide a reasonable estimate of the costs and the value of the units based on construction costs and values prevailing at the time of the application.
The deal between the Donnybrook Partnership and Dublin City Council will only be finalised if and when An Bord Pleanála grants planning permission.