A six-storey £10 million (€12.6m) office and residential development, South Bank Quay, is under construction on a high profile site opposite the Point Depot, adjacent to a major Dunloe Ewart development.
One of the first development projects to be awarded planning permission by the Dublin Docklands Development Authority under its Section 25 planning powers, the site was purchased last year for £7 million (€8.8 million). It had previously been targeted for a high rise residential joint venture development by IAWS and Morrisson Homes, which was scuppered by planning difficulties.
Designed by architects Horan, Keogan, Ryan, the high rise scheme now under way will comprise 41,300 sq ft of office space and a separate block of 27 apartments which will be released later this year.
Willie Dowling of agents Insignia Richard Ellis Gunne says the building will be offered for sale or to let, with individual floors available from 6,000 sq ft. Sales figures are pitched in the region of £450 (€571) per sq ft and rental of £30 (€38) per sq ft.
The developers are Galway based Duffy Lally Properties.
