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Vogue's old Fade Street haunt Market Bar planning huge expansion and revamp

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The Market Bar, Fade St...HF

The Market Bar, Fade St...HF

The Market Bar, Fade St...HF

A POPULAR Dublin bar could undergo a significant expansion.

The Market Bar is at the centre of RTE's Fade Street reality series, which starred Vogue Williams.

The bar – controlled by entrepreneurs Jay Bourke and John Reynolds – will be extended if planning approval can be secured.

The businessmen, through Mercroft Taverns Ltd, are to apply to Dublin City Council to convert 25 South Great George's Street for use as a licensed premises.

It is intended the building would act as an extension to the Market Bar at 14A Fade Street.

Both properties are part of the old south city markets building and are on the council's list of protected structures. The company is seeking to convert the basement and ground floor of No 25 into lounge bars and change the first and second floors to a private members club.

A meeting room is to be located on the third floor of the property.

Speaking to the Herald, Mr Bourke said the application is about giving access to the Market Bar from South Great George's Street.

"We just don't have any street access and we would love a bit of street access," he said.

Mr Bourke said the Market Bar and No 25 South Great George's Street were once a single premises.

"Historically speaking, they would have been that way (linked). That (the market building) was an abattoir and (No 25) was the shop where they sold the pork. (The application) is putting it back the way it was," the businessman added.

Accounts lodged with the Companies Registration Office last year by Mercroft Taverns showed the firm recorded a pre-tax profit of €295,087 in 2010 following a pre-tax loss of €409,002 in 2009.

However, gross profit fell by 15pc from €1.92m to €1.62m in the 12 months to the end of December 2010.

Mr Reynolds, a nephew of former taoiseach Albert Reynolds, promotes the Electric Picnic music festival, while Mr Bourke has extensive interests in the hospitality sector.

The figures showed the average numbers employed at the Market Bar reduced from 53 to 45 in 2010, with staff costs declining from €1m to €822,518. The firm had bank loans and overdrafts totalling €1.45m at the end of 2010.

comurphy@herald.ie


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