Cairn Apartments RTÉ Montrose Dublin City Council Deal
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Cairn Homes seeks Approval for Revised Donnybrook apartment Scheme Following Prior Rejection
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developer Cairn Homes has submitted a revised planning application for a €295 million apartment complex on the former RTÉ lands in Donnybrook, Dublin 4, after a previous proposal for a landmark tower was refused. The company has placed an indicative price tag of €28.58 million on 51 apartments intended for sale to Dublin City Council.
project Overview: donnybrook Lands Development
Cairn Homes is developing a large-scale apartment scheme on the site formerly occupied by RTÉ in Donnybrook, Dublin 4. The overall project is valued at €295 million. Construction is progressing, with Block 10 currently being built to first-floor level and structural work underway for the second floor as of November 2, 2023.
Previous Planning Refusal and Revised application
A previous planning application in 2023 faced a split decision, with permission being refused for Block No. 5, a proposed 16-story hotel tower. This refusal prompted the submission of the current, revised application. Cairn homes intends to address the issues raised regarding Block No. 5 through a separate planning amendment application according to reporting by the Irish Times.
The company is offering 51 apartments to Dublin City Council for an indicative price of €28.58 million. This suggests a potential average price of approximately €560,392 per apartment. The sale to the Council would contribute to addressing housing needs within the city.
Cairn Homes and Dublin City Council
Cairn Homes is a publicly traded home builder in Ireland as detailed on their official website. Dublin City Council is the local authority responsible for planning and development within the city of Dublin according to its official website.The interaction between these two entities is crucial for large-scale developments like the Donnybrook project.