COMMUNICATIONS tycoon Denis O'Brien has been given the green light to build a €30m office and shops development in Dublin 4, writes Donal Buckley.
Mr O'Brien was not available to comment yesterday on when he would proceed with the project in Donnybrook village.
Located at The Crescent, Donnybrook Road, the development would replace the current single-story commercial building occupied by Crunch Fitness, a fitness chain operated by one of Mr O'Brien's extended family.
His new five-storey project is designed as a landmark building to mark the transition from the suburbs to the city. It will include shops, offices and a basement with car parking.
With construction costs now falling, it may cost him less than €13m to build and even with prices falling it could be worth €30m when fully let.