Industry & Business

‘Clerys Quarter’ to Regenerate Dublin’s O’Connell Street

 Breaking News
  • Fáilte Ireland Crafts a New Path to Success Across Ireland’s Ancient East Fáilte Ireland has unveiled a bespoke toolkit to equip and train craft businesses across Ireland’s Ancient East with the skills to maximise the potential of craft tourism to generate increased revenue and support local jobs. John Paul Phelan TD, Minister of State for Local Government and Electoral Reform, officially launched the Fáilte Ireland toolkit at Kilkenny’s Jerpoint Glass – a [...]...
  • Property Market Grows 8% – Almost Half of Homes Bought With Cash The latest quarterly Consumer Market Monitor (CMM), published by the Marketing Institute of Ireland and UCD Michael Smurfit Graduate Business School, shows slow but steady growth in Ireland’s residential property market, with 55,000 homes purchased in 2018, an increase of just 8% on the previous year. Excluding mortgages from the 2018 figures, there were almost 25,000 [...]...
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • 30% Increase in Dublin Industrial Take-up Dublin industrial take up for 2018 totalled 3.3 million sq ft which is a 31% increase on last year. Whilst activity was dominated by smaller deals, take-up totals were boosted by a number of larger-sized deals. There were 14 deals greater than 50,000 sq ft in the last 12 months. The top 5 deals this [...]...
  • Skillnet Ireland Wins Big at Top Digital Awards 2019 Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning, won big at the recent 2019 Digital Media Awards , picking up the award for Best Brand. Other finalists in the ‘Best Brand’ category included Diet Coke, BMW, Thérapie Clinic and 98FM. Established in 2005, the Digital Media Awards are the most [...]...

‘Clerys Quarter’ to Regenerate Dublin’s O’Connell Street

‘Clerys Quarter’ to Regenerate Dublin’s O’Connell Street
January 29
09:57 2019

Europa Capital, the pan-European investment manager, and its local partners, Core Capital and Oakmount, have launched ‘Clerys Quarter’, one of Dublin’s most iconic and exciting new mixed-use developments in the heart of the capital city. Uniquely located on Dublin’s premier thoroughfare, O’Connell Street, and centred around the restoration of the historic former Clerys department store, Clerys Quarter will combine both traditional elements and modern concepts to create a new city centre destination designed to regenerate Dublin’s landmark street.

Key to the development will be the sympathetic transformation of the listed Clerys Building into a world class retail, office and leisure destination. This will include the restoration of Clerys’ iconic features, including the colonnaded façade, internal staircases, columns and ceilings and the famous Clerys’ clock.  Clerys’ original restaurant and bar, The Tea Rooms will also be fully refurbished.

The new owners acquired the landmark development in October last year with the benefit of planning permission to extend the current buildings from 212,000 sq. ft. to c. 344,000 sq. ft. (gross internal area) and, with a tendering process for contractors currently underway, the new owners expect to start construction works in the first quarter of this year.  It is expected that Clerys Quarter will provide over 400 new employment opportunities for the local area on completion, anticipated in late 2020.

The development will comprise:

• 92,100 sq. ft. (8,556 sq. m.)  of new grade A office space across two buildings;
• 60,000 sq. ft. (5,574 sq. m.)  of prime retail;
• An 18,762 sq. ft. (1,743 sq. m.) panoramic rooftop restaurant, bar and events venue;
• A number of new food & beverage units totalling 8,428 sq. ft. or 783 sq. m. of varying size;
• A new 176-bedroom four-star hotel

The owners are in ongoing discussions with a number of occupiers for the retail, office and hospitality areas and look forward to providing further updates on these in due course.

It is envisaged that up to 400 new retail, leisure and hospitality employment opportunities will be created at Clerys Quarter, in addition to a further estimated 750 construction jobs during the construction phase.

Office Space

64,100 sq. ft of the prime new office space will be situated over three floors above the retail areas within the existing Clerys Building, as well as in the newly developed Earl Building, which will face onto North Earl Street and comprises 28,000 sq. ft. of offices over five floors.

Retail Offering

Spread over the existing basement, ground and first floors of the 165 years old Clerys Building, the retail space will be unparalleled in the Irish retail market, given the iconic status of the property and its location on one of the most well-known retail thoroughfares in Ireland.

Earl Place Market

In addition to the office and retail offering within the Clerys Building, there will be an exciting new street level destination for hospitality, food and beverage in the heart of Dublin city centre. Located on Earl Place, Earl Place Market will be home to Dublin’s growing food and beverage community, showcasing some of the best independent restaurants, cafes and bars in the city.

New Hotel

To the rear of the Clerys Building on Earl Place Market, a former warehouse is to be transformed into a new 176-bedroom four-star hotel. This new hotel is to be within close proximity of the Moxy hotel, a separate new development being undertaken by Tetrarch. These two hotels will anchor the new Earl Place Market.

See ClerysQuarter.ie to keep up to date with developments and for further enquiries.

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4