Two holdings in Cherrywood strategic development zone each have potential for delivery of 40 duplexes
US real-estate group Hines is seeking a total of €5 million for two development sites at Cherrywood in south Dublin.
Site M3A is zoned RES3, which permits various uses, including residential development with the option for a nursing home. The planning scheme parameters for RES3 outline a building height of two to five storeys and a density of 65-145 residential units per hectare. A feasibility study prepared by MCORM Architecture suggests this holding has potential for the development of 40 duplexes.
The development of the wider Cherrywood scheme is already well advanced with residential schemes launched by a number of Ireland’s biggest developers, namely Hines, Cairn Homes, Quintain Ireland and William Neville & Sons. Quite apart from its projected population of 30,000 residents in 10,500 new homes, Cherrywood will comprise a full range of amenities upon completion.
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