Irish developer Ray Grehan has submitted a planning application for a €600m (£406m) development in Ballsbridge, Dublin.
Grehan’s Glenkerrin Homes plans a scheme called Number One Ballsbridge at the 2.2acre site next to Sean Dunne’s Jurys Hotel site.
The scheme, designed by HKR Architects, comprises a 430,000 sq ft mixed-use development which will include 109 apartments, office space and leisure activities. The buildings include a proposed 15-storey residential towe and will be located around two plazas called New Shelbourne Plaza and New Pembroke Square and two new pedestrian streets.
The developers and architects said the design of the scheme followed ‘careful consideration’ given to the concerns of residents in the area and was a design that would have only a ‘minimal visual impact’ and integrate and complement the character of the Ballsbridge area.
Grehan, who along with Sean Dunne and Frank O’Malley, has significant land holdings in the exclusive Ballsbridge area of Dublin is the first to submit a planning application for redevelopment of the site. Its progress through the planning system will be closely watched. Dunne is said to be preparing a planning application for his site and will look to significantly increase the density.
Grehan paid a hefty €84m/acre (£57m/acre) for the site in September 2005 a few weeks after Dunne had paid a then record €58m/acre for his 12 acre nearby site.