THE TOWN CENTRE of Cherrywood never lived up to the Celtic Tiger hype that was promised – though the area drew in many residents, development there halted after the crash.
But today, the international real estate firm Hines said that its plan to redevelop the town centre has been approved by Dún Laoghaire-Rathdown County Council.
The development will be 2.1 million square foot in size and is described as a €1 billion mixed-use development with 1,269 build-to-rent apartments, 585,000 sq ft of retail and office space as well as high-amenity leisure space.
Hines has released a number of images showing what it has planned for Cherrywood:
Hines said this approval now paves the way for the commencement later this year of the “largest single urban development project in Ireland”.
Cherrywood town centre is located between Cabinteely and Loughlinstown in South County Dublin, and will be constructed on an elevated site which integrates the existing Luas stops of Cherrywood and Bride’s Glen.
In time, Hines said it will provide housing for over 3,200 people, office accommodation for 2,300 and employment for an additional 2,500 retail and leisure workers.
Hines said that the space “will prioritise pedestrians and bike users and will incorporate both covered and open public spaces as well as an extensive array of shops, bars and restaurants, and a 200-room hotel and other leisure facilities”.
It is expected that construction on the three-year project will commence in the final quarter of 2018 and that it will provide 3,000 construction jobs.
Residential
The residential element of the town centre project is being developed in a joint venture agreement involving Hines and Dutch pension investor APG Asset Management (APG).
Commenting on the council’s planning approval, Brian Moran, Hines senior managing director, said the town centre “will be a modern, vibrant and healthy urban environment for families, workers and visitors alike”.
Our new open-plan apartments will incorporate the latest designs in apartment living and we believe the active streetscape environment has the potential to become the blueprint for future urban design in Ireland.
Hines has recently completed construction of the first phase of its infrastructure development project at Cherrywood, which includes three new parks, an all-weather multipurpose pitch, six new tennis courts and a sports pavilion, 5.4 kilometres of roadways, pedestrian footpaths, cycle paths, greenways and over 3,000 trees.
In addition to the town centre project, Hines has submitted a new planning application for 146 apartments, situated at the junction of Bishops Street and Tullyvale Road, its first application outside of the Town Centre. The apartments will consist of one bed, two bed and three bed units built over four blocks.
Hines also recently submitted a separate planning application for the first new school within the Cherrywood development, called the Primary School at Tully Park. It will hold up to 700 primary pupils in 24 south-facing classrooms, and will have a special needs unit, a school hall, 192 bicycle spaces, green roofs, large outdoor play/courts area and sensory garden.
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