John Bruder is trying to bring back the concept of living over the shop, with 45 apartments built above the Frascati shopping centre in Blackrock
In those days, most development in Ireland was cheap and shoddy. Developers typically built as cheaply as they possibly could
Frascati could be described as a 21st-century version of living over the shop, and Bruder says other shopping centres could be developed in similar fashion. “Many of those created in the 1970s, 1980s and 1990s are struggling, because retail has evolved, but they are located in key central locations and are well capable of providing a wider mix,” he argues.
Frascati’s mix-and-match goes back to the traditional notion of the old main street, which was not just shopping, but rather the centre of the community The reason he can reminisce about this without rancour is because from the ashes of Treasury, Bruder and some colleagues formed their own company, Burlington Real Estate, which took over the management of part of its portfolio, along with a range of other property assets on behalf of new clients. Just over a year ago it was sold to UK asset manager Gresham House for an initial consideration of €1.8 million.
I will never forget the day Mick McAteer of Grant Thornton arrived in the office and made us all redundant. Just like that. Because that is what liquidators do Bruder was publicly critical of Nama for calling in Treasury’s loans, and is no fan of the State agency even now. There were suggestions in 2012 that personality clashes between Ronan and Nama officials was the reason why Treasury wasn’t able to work itself out of the process, as others did.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dublin City Council refuses planning permission for Airbnb style development near Leinster HouseDevelopment would be contrary to city development plan and core principles of housing policy, council says
Read more »
Shelbourne ‘verbally’ agree deal for purchase of Tolka Park, say Dublin City CouncilThe club will acquire the ground for a seven-figure sum, a meeting of Dublin City Council heard
Read more »
Four new homes schemes launching in Dublin 18 starting from €365,000Choice includes apartments and three- and four-bed houses in Leopardstown, and terraced houses in Cherrywood Village
Read more »
Public urged to check tickets as Dublin lotto player wins €500,000 in drawLotto bosses are urging the public to check their tickets, with the lucky punter yet to claim their prize.
Read more »
Man arrested in prison over 2016 shooting of Eddie Hutch in DublinThe man in custody was arrested in prison after detectives from Mountjoy Garda Station secured a Section 42 warrant in court
Read more »
16 Puppies Rescued As Part Of Drugs Seizure In DublinThree men have been charged after drugs and 16 puppies were seized in Dublin.€30,000 of suspected cannabis herb was also discovered after Gardaí carried o...
Read more »