The development of Clerys, one of Dublin’s most iconic buildings, is expected to be finished in early 2022.
Once completed, it will include 92,600 square ft. of new grade A office space across two buildings.
The office space will be situated over three floors above the retail areas within the existing Clery's building.
Other office space will be in the newly developed Earl building, which will face onto North Earl Street and comprises 28,000 square ft. of offices over five floors.
The development, known as ‘Clerys Quarter’ will also include 60,000 square ft. of prime retail in the building on Dublin’s O’Connell street.
In addition, customers will be able to enjoy an 18,000 square ft. panoramic rooftop restaurant and bar, as well as five new food and beverage units, including the newly refurbished tea rooms.
The development, which is being undertaken by Core Capital, Oakmount and Europa Capital, will include a new 213-bedroom four-star hotel.
It is understood the hotel will be run by Paddy McKillen jrn’s Press Up Group.
The developers said they are currently in advanced discussions with “a number of retail and office occupiers and we have agreed terms with a restaurant operator.”
The site has remained all but empty following a controversial sale and closure in 2015, which resulted in the loss of over 460 jobs.
Workers were given just 30 minutes to leave when the department store went into liquidation in 2015, and the building was sold to the Natrium Investment Group for nearly €30m.
Built in 1853, the Clerys store is arguably one of the most famous sites in Ireland.
It has played a central role in the capital’s history and sits one of Ireland’s most famous landmarks, the GPO, and adjacent to the Spire monument.
Destroyed by fire during the 1916 Easter Rising , the building was re-built and opened again in 1922. The Clerys Clock, which hangs over the main entrance door, has been a meeting point for Irish people in Dublin for generations.