Hines granted permission for €1bn development in Cherrywood

International developer Hines has received planning permission to build a 2.1 million sq ft town centre at Cherrywood, including almost 1,300 apartments, office and retail space. The approval by Dún Laoghaire Rathdown County Council paves the way for the urban development project to begin this year, Hines said, providing 3,000 construction jobs. As part of the €1 billion mixed use development, Hines will build 1,269 apartments to rent and 585,000sq ft of retail and office space, as well as leisure space.  The US developer intends to begin building this autumn and finish the work in three years. Hines hopes the first tenants can begin moving into the homes and business premises during the final three months of 2020.

Read the full article @ The Irish Times

The full Cherrywood Strategic Development Zone plan can be reviewed on the Dún Laoghaire Rathdown County Council website @ http://www.dlrcoco.ie/en/planning/cherrywood-sdz

Planning application submitted for new Dublin primary school

The first new primary school for Cherrywood on Dublin's southside is a step closer. Hines has put in a planning application for the new school which will be located directly south-west of Tully Park. It would take in up to 700 primary pupils, and would have 24 classrooms, a special needs unit and a school hall. Once planning is granted, the development phase will be overseen by the Department of Education. The announcement has been welcomed by the Minister for Education & Skills, Richard Bruton, T.D.

Read the full article @ The Irish Examiner

Minister stresses importance of new town before vote on rezoning

PROPOSALS TO develop a new town at Cherrywood, south Dublin, are to be brought to Government within weeks, the Minister for Sustainable Transport and Planning has said.

Green Party Minister Ciarán Cuffe said the proposals would ensure proper facilities would be developed side by side with homes and businesses at Cherrywood, a 361-hectare site between the M50 and the N11.

He made his announcement before a controversial rezoning motion comes before Dún Laoghaire-Rathdown County Council today to reduce retail zoning at Cherrywood and increase it at Carrickmines, also off the M50.

If the motion, tabled by six councillors, is passed, it will initiate a variation of the Dún Laoghaire-Rathdown County Council Development Plan. It will also countermand an order by Minister for the Environment John Gormley not to increase retail zoning at Carrickmines.

Mr Cuffe said yesterday that developer-led zonings were running the danger of undermining millions of euros in infrastructure investment and the creation of thousands of new jobs over the next decade.

He said the Strategic Development Zone (SDZ), the planning framework that will create the new town at Cherrywood, would provide the bedrock for sustainable economic development and job-creation. It would also allow for fast-tracked planning.

Mr Cuffe said the new town, when fully developed over 10 years, would provide 12,500 homes and 18,000 jobs.

“The proper infrastructure – including a new Luas line with five stops in Cherrywood which will open later this year – has been put in place. It has the potential to create a vibrant, dynamic new town in south Dublin.”

He was concerned the SDZ would be undermined by the Carrickmines motion, on which councillors will vote today.

“I have deep concerns that, because of the employment situation in Ireland at present, councillors and politicians are falling victim to the old claim of jobs being promised as long as a zoning takes place,” he said.

“Trading a zoning for a promise is not good planning and is consistent with past practices of light-touch regulation and pure and simple cronyism that got our country into its present difficulties.”

Councillors have also come under pressure from the developers of both Carrickmines and Cherrywood, who wrote to them on Friday.

The Carrickmines developer, Park Developments, has promised 800 jobs, a “guaranteed” anchor tenant as well as interest from other retailers should the motion be passed.

The Cherrywood developer, Dunloe Ewart, has threatened legal proceedings should the motion be passed. It said it has already spent €28.6 million on infrastructure in Cherrywood.

Irish Times

www.buckplanning.ie

Carroll presses on with Cherrywood developments

Developer Liam Carroll is seeking permission to develop a new €50m scheme comprising an office building, shops and over 100 apartments at Cherrywood Science & Technology Park in south Dublin, despite difficulties with some of his lenders.

If approved, the scheme will have three buildings rising up to five and six storeys as well as 607 car parking spaces.

Carroll became involved in Cherrywood when he mounted a hostile takeover of Dunloe Ewart and later bought out British Land's interest in the 412-acre site. The county council owns a third of the science park, which makes up about 10% of the site.

Carroll planned to develop a Dundrum-style shopping centre and about 11,000 residential units as well as offices and other uses on the rest of the site. Dunloe had previously stated in a submission to the council that it was planning to spend €400m alone on "basement substructures" before construction reached ground level.

Carroll told the High Court recently that he has assets of €259.5m, his bank debt is €149m and he has annual rental income of €9.85m while paying interest of €7.9m. He has lost at least €260m in stock market investments, according to the last filed accounts, and he and his companies have faced numerous High Court proceedings this year.

Sunday Tribune

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