The Land Development Agency (LDA) has announced the imminent commencement of 562 new homes in a new partnership with Castlethorn, one of the country’s leading homebuilders.
The homes are due to be built at Parkgate Street in Dublin, on a site formerly occupied by Hickey’s Wholesale Fabrics warehouse, which is just across the River Liffey from Heuston Station and close to the entrance of Phoenix Park.
The project includes four inter-connected apartment blocks, one of which - Parkgate Pointe - is a landmark 30-storey centrepiece that is set to become Ireland’s tallest building.
'Complex And Historic Site'
“Parkgate Street is an important regeneration project that will transform a prominent, underutilised site into a new, well-connected residential community in the heart of Dublin," said Chief Executive of Castlethorn, Joe O’Reilly.
"Castlethorn’s vision has been to unlock this complex and historic site, open it up to the city and create an exceptional new public realm at a prominent location on the River Liffey."
In addition to housing, the new development will include amenities and retail space, helping to transform what has been a previously underutilised site into a new and vibrant place to live, adding significantly to the existing surrounding area.
Parkgate Street, which was granted planning permission by Dublin City Council last year, will now progress as part of a partnership between the LDA and Castlethorn.
This is the second major project the LDA is delivering in partnership with Castlethorn. Construction is currently ongoing on 328 new cost rental apartments at its Woodbrook site in Shankill.
Parkgate Street
Parkgate Street is being delivered as part of the LDA’s Project Tosaigh initiative in which the LDA partners with private homebuilders, providing the finance required to ensure the construction and completion of new homes. The completed homes are then owned by the LDA.
The development’s main 30-storey building will include 198 apartments. The remaining homes will be delivered in three blocks, ranging in height from 10-13 storeys.
Construction is due to begin in the coming weeks, and the homes are forecast to be completed in late 2029.
“It is critical to see these much-needed new homes for Dublin progressing and located in the heart of the city, where we want people to live," said Minister for Housing, Local Government and Heritage, James Browne.
“The LDA’s Project Tosaigh initiative has unlocked this significant home building project and they will be made available under the Government’s cost rental scheme, providing secure and affordable homes at scale. It’s badly needed here in Dublin."
