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THE BUILDERS BEHIND the Adamstown development say that building is back on track.
The town, just south of Lucan, was the first of the so-called Strategic Development Zones (SDZ) which benefitted from fast-track planning – and the first ‘new town’ planned since Shannon was created in 1982 in Clare.
The €2 billion town was planned to house 20,000 people who could enjoy 70 acres of parkland, sports facilities, a rail station and multiple schools.
But despite the fanfare Adamstown has been something of a stop-start development.
In 2014, with just 1,600 of the 9,000 planned homes built, authorities wanted to kickstart construction.
Developer Castlethorn has managed to secure funding over the last 18 months, leading to a resumption of much of the building. This is allied with €20 million from the Local Infrastructure Housing Activation Fund.
The allocation includes funding for a new road linking Adamstown to Celbridge Road and the N4/Leixlip Interchange which will facilitate housing supply at Adamstown while helping reduce the over-reliance of traffic on the heavily congested Newcastle Road.
New developments
The funding has been used to build a number of new developments in the town, with 150 homes in Alderlie all selling out and another estate – St Helen’s- expected to come on the market next month.
St Helen’s will be 140 home, with Somerton, which consists of 246 larger trade-up family homes, the next phase of the development, having just received planning permission.
In total, Castlethorn says they are looking at delivering over 500 homes in the short to medium-term – with a pipeline of additional developments due to come on stream after that.
They say that life in the town has been made easier by the opening of the Phoenix Park tunnel, which gives the town’s train station a 27-minute straight route to the Docklands Station.
“Castlethorn secured a new funding arrangement in December 2015, had completed full planning and was building new homes in its Alderlie development by June 2016 – first time buyers and families started moving into the first 140 homes this month. That’s only 16 months from funding to occupation, a significant achievement in the development of new homes in Ireland.”
While some of the planned amenities – a cinema and swimming pool – are not on the horizon, a community centre is “on the way”, the developers say.
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fantastic news, the economy is booming. a shinner will be along shortly now with doom and gloom LOL
@Jayo Breathneach: the property crash wasn’t caused by outside investors. It was by people taking out too big mortgages. Maybe you move in the wrong circles if you can’t afford a house
the issue i have is that the SDZ rules have been thrown at the window…I live in Adamstown and I am happy to see development start again Im dissaappointed that the amenities like the parks and town centre are on hold. It worries me that they will never be built. Even the PR piece about the community centre is kind of false…what is being built is a sports hall for the secondary school which can act as a community center.
It worries me that Adamstown will turn into another Lucan where people have to travel to do things as all that was built in Lucan was houses.
Adamstown was supposed to be a self contained town where all amenties would be near by and within walking distance. Now Its just going to become another Housing estate
No housing for 10 yrs, creates a drought! Available housing gifted to vulture funds at exchequers expense. Housing shortage creates property price bubble, banks balance sheets improves exponentially! Cheerleaders of austerity clap themselves on the back, while young people forced to rent for extended period to gather sufficient funds for a deposit! Same aul Fianna Gael, keep pretending the recovery is going! Check out the debt clock, 200 billions and counting!
All the lost money is back in play .who lifted the flooring boards
@Jayo Breathneach: so many people just comment for the sake of making noise. You will be preaching again shortly about the lack of available houses. There is no bubble, we are well short of peak price of the boom and if we’re to going into a bubble we would be adding another 10% to that due to population increase.
The problem isn’t housing, we have plenty of empty houses in this country. The problem is the total failure by the government to build sustainable economies outside of Dublin. If you talk to most people who moved from different parts of the island to Dublin for work, they would love to move back home but there are no jobs in their field outside Dublin. Invest in areas outside Dublin, people can start moving into empty homes down the country and puts less pressure on rents and the price of houses in Dublin
@Dark Knight: move the capital to the midlands?
@kevin: They did that in Oz actually.
Great to see the economy back in action !
Thnks to Noonan???
There is a lot of comments that would be getting red thumped today.
have your say