Developer Sean Muryan's Ballymore is set to return to Bray ten years after the collapse of its 'Florentine Centre' plans.
The firm has acquired the 52.6-acre 'Harbour Point' lands on the site of the former Bray Golf Club. The site was put on the market for €27.5 million by receiver Deloitte.
The site has planning permission in place for a 58,000 square metre retail centre, 950 apartments, a cinema complex, bars, restaurants, hotel, and offices.
The site had previously been owned by the Pizarro Developments consortium, led by Paddy Kelly, but plans for a €2 billion development collapsed with the financial crisis.
The north Bray site is bounded on two sides by the River Dargle and the sea. It is within walking distance of Bray train station and Dart services and comes with a ten-year planning permission in place since June 2010.
The community group SWAP (Safety With Alternative Plan) disbanded in 2018, after an unsuccessful campaign to have a portion of the site re-zoned in the Local Area Plan.
Speaking to members of Bray Municipal District in 2016, group members asked councillors to change the Town Centre zoning on the low-lying 8.6 acres of floodplain on the old Bray Golf Club lands back to its original open space zoning.
The group suggested building on higher ground and creating a linear park and playing fields to extend People's Park.
The Council Executive said at a meeting of Wicklow County Council in January 2018 that a large culvert pipe was included in the plans and had the capacity for 50,000 cubic metres of water overflow.
Ballymore is expected to draw up new plans for the site.
Ballymore abandoned the 'Florentine Centre' project in 2010 with the economic collapse. Ballymore had already adjusted their plans two years prior to that with a downscaled development.
The 'Florentine' project has been in the planning since 1996 and is expected to open next year with Oakmount at the helm, under the name 'Bray Town Centre'.