Dublin City Council to use CPO's to Facilitate Arnotts "Northern Quarter" Plan
Dublin City Council (DCC) is planning to use compulsory purchase orders (CPOs) to forcibly acquire properties to facilitate the development of the Northern Quarter retail scheme planned by Arnotts for Henry Street in Dublin city centre.
The council said its is proposing to initiate a CPO to allow Arnotts acquire "some properties not yet acquired by the developer, the perfection of title where required and the extinguishment of rights of way over certain laneways/ roadway. The CPO will have regard to the final decision on the planning application. All costs incurred by DCC will be underwritten by the developer."
The €750m Northern Quarter plan has been given planning permission by An Bord Pleanála, which has told Arnotts to lower the heights of many of the buildings proposed and halve the number of proposed car spaces.
Arnotts had originally proposed developing a new department store, 47 shops, 14 cafes, restaurants and bars, around 175 apartments and a 149-bedroom four-star hotel on the 5.5-acre site it has assembled by buying surrounding properties. It has also bought properties on nearby Liffey Street, including the K2 bar, for about €10m.
Arnotts had planned to relocate to the former Debenhams unit in Jervis Street shopping centre during the redevelopment but it is now looking at moving to another location.
The decision to use a CPO for Northern Quarter will revive memories of the council's decision to CPO the nearby Carlton cinema and adjoining sites which held up development of the area for seven years.
Developer Joe O'Reilly has since bought the site and a large number of surrounding properties and is planning a major rival development to Northern Quarter on the site.
Recently, the developer secured planning permission for a part of the €1.25bn redevelopment when he was granted planning permission to demolish the Royal Dublin Hotel, which he bought for €30m.
He will now be able to develop more than 1,100sq m of shops, a gallery and more than 2,500sq m of office space. His scheme, currently dubbed Dublin Central, will be anchored by Dublin department store John Lewis.
Source:
Sunday Tribune, Neil Callanan July 13, 2008
http://www.tribune.ie/business/article/2008/jul/13/council-to-use-cpos-to-help-arnotts-with-750m-henr/
The council said its is proposing to initiate a CPO to allow Arnotts acquire "some properties not yet acquired by the developer, the perfection of title where required and the extinguishment of rights of way over certain laneways/ roadway. The CPO will have regard to the final decision on the planning application. All costs incurred by DCC will be underwritten by the developer."
The €750m Northern Quarter plan has been given planning permission by An Bord Pleanála, which has told Arnotts to lower the heights of many of the buildings proposed and halve the number of proposed car spaces.
Arnotts had originally proposed developing a new department store, 47 shops, 14 cafes, restaurants and bars, around 175 apartments and a 149-bedroom four-star hotel on the 5.5-acre site it has assembled by buying surrounding properties. It has also bought properties on nearby Liffey Street, including the K2 bar, for about €10m.
Arnotts had planned to relocate to the former Debenhams unit in Jervis Street shopping centre during the redevelopment but it is now looking at moving to another location.
The decision to use a CPO for Northern Quarter will revive memories of the council's decision to CPO the nearby Carlton cinema and adjoining sites which held up development of the area for seven years.
Developer Joe O'Reilly has since bought the site and a large number of surrounding properties and is planning a major rival development to Northern Quarter on the site.
Recently, the developer secured planning permission for a part of the €1.25bn redevelopment when he was granted planning permission to demolish the Royal Dublin Hotel, which he bought for €30m.
He will now be able to develop more than 1,100sq m of shops, a gallery and more than 2,500sq m of office space. His scheme, currently dubbed Dublin Central, will be anchored by Dublin department store John Lewis.
Source:
Sunday Tribune, Neil Callanan July 13, 2008
http://www.tribune.ie/business/article/2008/jul/13/council-to-use-cpos-to-help-arnotts-with-750m-henr/
Labels: An Bord Pleanala, Arnotts, Compulsory Purchase Orders, Dublin City, Dublin City Council
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