Treasury Holdings has unveiled its plans for the regeneration of Ballymun town centre in North Dublin following a six-year protracted pre-planning process and the end of a dispute with Dublin City Council.
The Irish developer revealed the 14.5 acre scheme called Spring Cross at the BCSC conference in Liverpool this morning. It includes around 650,000 sq ft or retail space, 100,000 sq ft of leisure space and 300,000 sq ft of office space.
There will also be an 11-screen cinema, bowling alley, family entertainment centre, a child drop-in centre, a 2,185 space car park, and 367 one, two and three-bedroom apartments.
Treasury submitted a planning application to Dublin City Council last week and it hopes to have completed the scheme, which will be located next to the large Ikea store which opens next year, by 2013.
Ballymun is one of the more deprived areas in Dublin and was famous for its notorious high rise apartments known as the ‘Ballymun Flats’, now demolished, which were the backdrop to the Irish film, The Commitments.
However, Ballymun is located within a wider more affluent catchement area including the areas of Malahide and Glasnevin and is considered to be a key regeneration area in the capital.
However, Treasury’s planned regeneration has been delayed by a protracted pre-planning process and a six-year negotiation with Dublin City Council about the amount the council was to be paid for its interest in the site. It is thought that the dispute was finally settled between the two parties with Treasury paying the council around €60m (£49m) for the freehold on the shopping centre site and an adjacent site.
The proposed new Town Centre will be one of the final pieces in the completion of the Ballymun regeneration programme.
Earlier today Treasury also unveiled its plans for an €800m scheme in Clonburris, West Dublin
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