Dublin City Council wants apartments and commercial development on site of building demolished two years ago
The redevelopment of the shopping centre, known as the Town Centre, was central to the 1997 Ballymun regeneration plan. In 2000, Treasury Holdings paid more than £6 million for a 53 per cent stake in the site, with the council retaining the remainder. The new complex, which was to be the main shopping facility for the suburb’s 18,000 residents, was due to be built in 2005.
However, it was not until 2009 that Treasury secured planning permission for Springcross, a vast €800 million development, which was to include an 11-screen cinema, bowling alley, public library, creche and restaurants, as well as more than 70 shops and offices. It had intended to begin construction the following year, but the economic crash intervened and the town centre lands became part of Nama’s portfolio of loans before any development began. Most retailers in the centre subsequently shut and, in early 2014, it lost Tesco, its anchor tenant.In May 2014, the council reached agreement with Nama and its receivers to acquire the Treasury stake. Two years later the council sought compulsory purchase orders to gain clear possession of the site.
The final tenants left the shopping centre in summer 2018. However, it was not until the following year that the €1.9 million demolition contract was awarded, with the work to level the centre beginning in mid-2020 and finishing in 2021. The council is describing its marketing of the site through estate agents DNG as a “soft launch” to ascertain interest, and has not yet ascribed a value to the lands.
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