O'Malley Homes is looking to build an apartment scheme with a seven-storey tower on a site that was previously approved for a five-storey office building for Carr Communications at Booterstown Avenue, Blackrock, Co Dublin. Edel Morgan reports.
Carr Communications has ditched plans to build a five-storey office block, TV studio, canteen, boardroom and 39 basement car-parking spaces on the site, according to managing director Dermot McCrum.
The company is planning to relocate and while it still owns the site, it has a deal with O'Malley Homes about which Mr McCrum says it would be "inappropriate" to go into detail at this time.
It is believed the sale of the site will be subject to planning permission being secured.
O'Malley is applying for permission to build 28 apartments in a six-storey block with a high rise tower.
This comes a week after construction company P J Hegarty and sons paid over €22 million for an infill site with planning permission for 116 apartments on Carr Communications' grounds. Another planning application is pending for four townhouses.
DTZ Sherry FitzGerald sold the site at the junction of Booterstown Avenue and Stillorgan Road on behalf of developers Charles and Edmund O'Reilly Hyland.
The O'Reilly Hyland brothers are believed to have offered this key site for sale as part of a review of their portfolio and partly to release equity for their extensive development programme here, in the UK and Poland.
The brothers' developments in Ireland include the SuperValu shopping centres at Greystones and Wicklow town, and Northside Retail Park, where Aldi anchors the scheme.
