Newly-unveiled plans for the old Clerys site in Dublin are being described as “world class”. A hotel, food market and office and retail space will make up the new quarter on O’Connell Street.
Building works are expected to create 750 jobs, while there will be around 400 jobs available once it opens.
The building’s new owners, Europa Capital, are promising it will become a “world class retail, office and leisure destination”.
The building was bought for €29m and last year the new owners got permission to extend the buildings from 212,000 sq ft to 344,000 sq ft.
A tendering process for contractors is underway, with construction due to being in the first quarter of this year.
The development is scheduled for completion in late 2020. Commenting on the new proposals, CEO of DublinTown, Richard Guiney said:
“DublinTown very much welcomes this proposal for the Clerys site. This mixed-use development is in keeping with our Dublin One Vision for the area. We see a development like this, including high-end food and beverage, office space and retail, being exactly what the district needs.
“Once complete, the office workers and staff will become increasingly important to the local economy. We look forward to seeing the site complete in 2020,” he added.