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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Wed Feb 24, 2016 10:28 am 
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Neo Landlord

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From todays Irish Times

One of the largest stretches of development land likely to come on the market in Dublin this year, a six-acre waterfront site at Spencer Dock in the north Dublin docklands, is expected to be of interest to Irish and overseas investors when it comes on the market today.
Joint selling agents JLL and BNP Paribas Real Estate are guiding €50 million for the land, which is likely to be used for a mixed development between PwC’s headquarters and the planned new Central Bank headquarters.
The land forms part of a larger site originally owned by CIÉ at Spencer Dock which was due to be developed by Treasury Holdings before the market collapsed and the company was wound up. Receivers Luke Charleton and David Hughes of EY have now been appointed by Nama to handle the sale.
The site has planning permission for a 169-bedroom hotel, more than 31,580sq m (340,000sq ft) of offices and 165 apartments, with further scope for additional facilities.
CIE is also set to benefit from the sale, having retained a freehold interest in ground leases at the former railway yard which extends to more than 50 acres. The State transport company is understood to be entitled to either 17.5 per cent of the sale price or a similar stake in ground leases where buildings are completed and let. Treasury had developed only 20 of the 50 acres it had a lean on in Spencer Dock by the time the market crashed.
Located within the Strategic Development Zone (SDZ), and zoned for a mixed-use development, the site will almost certainly be used for a new urban quarter adjacent to the Spencer Dock development. The land is divided in two by the red Luas line on Mayor Street Upper. The southern portion, overlooking the River Liffey, is earmarked for the commercial element. The 169-bed hotel will be located within the former London and North Western Hotel dating back to the 1800s, with an interlinking eight-storey modern extension.
In addition to the hotel, there will be two high-quality office buildings. The front block will provide almost 16,722sq m (180,000sq ft) of offices over nine floors including a penthouse with views over docklands. The second office block to be located at the rear of the hotel will have 14,864sq m (160,000sq ft) over seven floors with community and retail facilities at street level.
The northern section has planning for a six-storey multifamily development providing 165 high-quality apartments with landscaped communal areas. A breakdown shows 23 of the apartments will be one-bedroom units; there will be 117 two-bedroom homes and 25 three-bedroom units. The scheme will include parking for 90 cars and 186 bicycles. The agents say there will also be scope for additional development on the portion of the site fronting on to Mayor Street.
Luke Charleton, joint receiver with David Hughes of EY, says the site has the potential to house two large headquarters for businesses looking to locate in this area. “We expect a great deal of interest both from local and international investors.”
Des Lennon says the timing of the sale is favourable given the current shortage of new office space and apartments in Dublin. The developers who secured the site could capitalise on the strong demand from the occupier markets. Further endorsement comes from Mark Forrest of BNP, who says the scale, location and zoning of the site is an opportunity not to be missed for the redevelopment of a large mixed-use site in the docklands.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Wed Feb 24, 2016 8:11 pm 
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6 story in city-centre, 9 on the outskirts... Paddy logic

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http://www.independent.ie/business/iris ... 96858.html
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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Feb 25, 2016 10:36 am 
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Real Estate Developer

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And these "high quality" apartments have roughly half a parking space each. Sounds great!


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Feb 25, 2016 10:42 am 
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Neo Landlord

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muirgheasa wrote:
And these "high quality" apartments have roughly half a parking space each. Sounds great!


Yes---- thats the norm in the city centre and docklands. Car parks are mostly underground and costly to construct - hence their high cost. Just look at the monthly rental charges.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Feb 25, 2016 10:45 am 
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Belview wrote:
muirgheasa wrote:
And these "high quality" apartments have roughly half a parking space each. Sounds great!


Yes---- thats the norm in the city centre and docklands. Car parks are mostly underground and costly to construct - hence their high cost. Just look at the monthly rental charges.


I don't think it's the cost -- the planning objectives are that people should be discouraged from driving in city developments, so you won't get planning for a large number of spaces in the city.

That development will be close to Luas and Dart so lots of people won't need a car.

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Feb 25, 2016 10:54 am 
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Won't need a car unless they ever need to go anywhere that isn't on public transport, or unless they want to stay out past their bedtime at some point (luas stops at 11:30 midweek).

I understand the intention, but it's total nonsense - how many of those pushing these rules don't have parking spaces for their cars?

(I don't even have a car, but to pretend like our public transport is sufficient to remove the need for private cars is real head-in-the-sand stuff).


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Wed Sep 21, 2016 5:49 pm 
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From todays Irish Times;



Dublin docklands site for student accommodation fetches €20m
Site beside Point Village has planning permission for 935 bed spaces in two blocks.

A new development company formed by UK and Irish investors is to proceed with the construction of a substantial residential complex for students beside the Point Village in the north Dublin docklands.
The consortium has outbid about half a dozen competitors, paying more than €20 million – more than €2 million above the guide price – for the well-located site of 2.38 acres (0.96 of a hectare) with planning permission for 935 student bed spaces.
It is located next to a Luas station and was sold by Declan McDonald of receiver PwC on behalf of Wintertide Ltd and two adjoining land owners, the National Asset Management Authority and CIÉ.

The sale comes at a time when about a dozen similar residential schemes are either under way or in the pipeline. The off-campus projects under construction include developments in Gardiner Street, Dorset Street and Blackpits which alone will provide about 1,300 bed spaces. The largest single scheme of about 2,000 spaces will be at Grangegorman to cater for students attending the newly relocated DIT.
High-spec scheme
The high-spec scheme planned for Point Village, designed by TP Bennett Architects, who specialise in student accommodation, will include two seven-storey blocks with a mix of student clusters containing between three and eight bed spaces as well as twin and single study units.
One of the two blocks will accommodate 589 bed spaces, while the other building will have 346 bed spaces as well as 866sq m of retail floor space designed to attract interest from retailers and cafe and restaurant operators. There will also be a further 462m of floor space set aside for “enterprise and community use”.
Donal Kellegher of agents Cushman & Wakefield, who handled the sale of the site, says the planned student facility would benefit from a new street under construction between North wall Quay and Sheriff Street as well as the planned pedestrianised bridge linking North Wall Quay and the south docklands.
Dublin universities provide on-campus accommodation for only 6,000 of the 79,000 student population. The Higher Education Authority has forecast that third-level student numbers in Ireland are likely to increase from 168,000 in 2014 to 193,000 in 2018.


This influx of people living in the area should herald the opening up of bars , restaurants and shops in the surrounding area.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Wed Sep 21, 2016 6:11 pm 
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Real Estate Developer

Joined: Oct 7, 2014
Posts: 973
Belview wrote:
From todays Irish Times;



Dublin docklands site for student accommodation fetches €20m
Site beside Point Village has planning permission for 935 bed spaces in two blocks.

A new development company formed by UK and Irish investors is to proceed with the construction of a substantial residential complex for students beside the Point Village in the north Dublin docklands.
The consortium has outbid about half a dozen competitors, paying more than €20 million – more than €2 million above the guide price – for the well-located site of 2.38 acres (0.96 of a hectare) with planning permission for 935 student bed spaces.
It is located next to a Luas station and was sold by Declan McDonald of receiver PwC on behalf of Wintertide Ltd and two adjoining land owners, the National Asset Management Authority and CIÉ.

The sale comes at a time when about a dozen similar residential schemes are either under way or in the pipeline. The off-campus projects under construction include developments in Gardiner Street, Dorset Street and Blackpits which alone will provide about 1,300 bed spaces. The largest single scheme of about 2,000 spaces will be at Grangegorman to cater for students attending the newly relocated DIT.
High-spec scheme
The high-spec scheme planned for Point Village, designed by TP Bennett Architects, who specialise in student accommodation, will include two seven-storey blocks with a mix of student clusters containing between three and eight bed spaces as well as twin and single study units.
One of the two blocks will accommodate 589 bed spaces, while the other building will have 346 bed spaces as well as 866sq m of retail floor space designed to attract interest from retailers and cafe and restaurant operators. There will also be a further 462m of floor space set aside for “enterprise and community use”.
Donal Kellegher of agents Cushman & Wakefield, who handled the sale of the site, says the planned student facility would benefit from a new street under construction between North wall Quay and Sheriff Street as well as the planned pedestrianised bridge linking North Wall Quay and the south docklands.
Dublin universities provide on-campus accommodation for only 6,000 of the 79,000 student population. The Higher Education Authority has forecast that third-level student numbers in Ireland are likely to increase from 168,000 in 2014 to 193,000 in 2018.


This influx of people living in the area should herald the opening up of bars , restaurants and shops in the surrounding area.


What jumps out most is that we're still only building 7 stories in what should surely be the highest-rise part of the city.

At least we're actually building though, I guess..?


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 10:02 am 
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muirgheasa wrote:
What jumps out most is that we're still only building 7 stories in what should surely be the highest-rise part of the city. At least we're actually building though, I guess..?


Meanwhile iRES REIT are applying to build three fourteen story apartment blocks with 492 apartments in Sandyford, there are rumours that the Sentinel tower will be sold soon and this page shows all the commercial developments in train. Someone here suggested years ago that Sandyford could become Dublin's La Defence and I think it might be happening (without the dramatic architecture sadly).


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 11:19 am 
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markpb wrote:
Meanwhile iRES REIT are applying to build three fourteen story apartment blocks with 492 apartments in Sandyford, there are rumours that the Sentinel tower will be sold soon and this page shows all the commercial developments in train. Someone here suggested years ago that Sandyford could become Dublin's La Defence and I think it might be happening (without the dramatic architecture sadly).

They wanted to apply to build 492 apartments, but their plans were not compliant - so DLRCC quickly declared their application invalid. Better luck next time I guess :x

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 11:51 am 
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Posts: 40
markpb wrote:
muirgheasa wrote:
What jumps out most is that we're still only building 7 stories in what should surely be the highest-rise part of the city. At least we're actually building though, I guess..?


Meanwhile iRES REIT are applying to build three fourteen story apartment blocks with 492 apartments in Sandyford, there are rumours that the Sentinel tower will be sold soon and this page shows all the commercial developments in train. Someone here suggested years ago that Sandyford could become Dublin's La Defence and I think it might be happening (without the dramatic architecture sadly).


planning gone in recently for a 17 story residential tower in clongriffin


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 11:55 am 
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Spotted what looked like a very high rise (for Dublin) building going up on the North docklands last night (I haven't been over that side of the city much for the past 9 months). Is there something 15+ stories going up there, or was it just a trick of the light/distance?


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 4:58 pm 
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muirgheasa wrote:
Spotted what looked like a very high rise (for Dublin) building going up on the North docklands last night (I haven't been over that side of the city much for the past 9 months). Is there something 15+ stories going up there, or was it just a trick of the light/distance?


It's on the south side. The lift shafts are up.

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 6:43 pm 
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Joined: Apr 27, 2014
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muirgheasa wrote:
Spotted what looked like a very high rise (for Dublin) building going up on the North docklands last night (I haven't been over that side of the city much for the past 9 months). Is there something 15+ stories going up there, or was it just a trick of the light/distance?


Its http://capitaldock.ie/ at the end of the south quays.

The buildings' service cores are nearly complete. The floors will hang off these.

See page 41 - http://www.dublindocklands.ie/files/bus ... dpart5.pdf.

Note the Millenium Tower on Charlotte Quay beside Pearse Street has 18 stories.

Nothing wrong with tall buildings.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Sep 23, 2016 6:44 pm 
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this?
Image




Am I the only one who thinks than Sandyford is overcrowded already and quality of build there is terrible?

like here:
Image

Most apartments have no sunlight, therefore probably there is mould always in this kind of situations in similar places around Dublin.
Plus you can watch a match on a neighbour tv across the yard. They are so damn close to each other.

High density 11km from city centre !!!

_________________
Why is it so windy here?

This is my best finding this year:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
It's all grand


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