UrbanRedevelopment: The consortium of investors that bought the former Siemens site on the Ballymoss Road in Sandyford, Dublin 18, for a reported €20 million in March has submitted a planning application for a mixed-use development with a 20-storey office block.
The consortium is looking to build an office, retail and residential complex on the site, which is located on what is regarded as a prime position in the area facing the Luas line and Blackthorn Drive.
The proposal is to demolish all the buildings on the site and build two blocks, one of which would be 10 storeys over basement with 785sq m (8,450sq ft) of retail floor space and 71 apartments. The 20-storey building would have 7,883sq m (84,851sq ft) of office floor space.
This is the latest in a plethora of ambitious developments in the Sandyford area in recent years and even more are in the pipeline.
The Siemens site is a short distance from the former M J Flood property where a major development is planned by Noel Smyth's Alburn Properties, including a 23-storey tower.
A €340 million development at the nearby Allegro site will involve over 840 apartments and 11,500sq m (123,758sq ft) of shopping on a 7.7-acre Allegro site. The site was sold by the Mark II Partnership, whose backers include David Arnold, Johnny Ronan and Richard Barrett, to Cork developer Flemings for €165 million.
The former Atlantic Homecare facility on Blackthorn Avenue looks likely to be redeveloped as a large apartment scheme. The Grafton Group recently sold the two-acre site for around €35 million. Cork-based developers P J Hegarty, who bought the site, are expected to use it for a high density apartment scheme. The company is presently building apartments on the Stillorgan Road.
Also close by, a company led by businessman Paddy Shovlin has already built the Beacon Clinic and the One Beacon Hotel. Development work is continuing on a new private hospital, offices, shopping and more than 850 apartments.
The area is set to see further development in the near future as site values continue to escalate due to the number of investors and first-time buyers looking for apartments close to the Luas service in south Dublin and its proximity to the M50.
