Point Village Shopping Centre

Again, it would amaze me if Dunnes couldn't make that location pay in the medium to long term, especially when the Anglo site is completed.

Very obviously were locked into an onerous lease agreement and are now digging in to try to get out of it. Very much in keeping with their historical approach to matters of a litigious nature.

subpar wrote: »

Planning Permission Granted for Dublin's Tallest Building to date.
.

Are there going to be any changes to traffic plans in the area?
The East Link is already manic at rush hour these days, and worse when a concert on.

Also, not sure the new building fits in well?
I really like that open space around the Point:
http://www.irishtimes.com/business/commercial-property/green-light-for-plan-to-build-dublin-s-tallest-office-block-1.2593827

cardinal tetra wrote: »

what are dunnes holding out for exactly?

A hero.

Major Fintech Company employing 250 to move into Castleforbes House. This has to be a very positive development for enticing additional retail units to open up in the Castlleforbes / Point Village area.

[font=Georgia, "Times New Roman", Times, serif]Irish fintech company Fenergo is to relocate from Dublin s Ormond Quay to the considerably larger Castleforbes House in the northside docklands.[/font]
[font=Georgia, "Times New Roman", Times, serif]The company s 250 Irish-based staff will have the use of 1,850sq m (20,000sq ft) to service major financial companies including Bank of Montreal, ICBCStandard Bank, SMBC Nikko, Scotiabank and BVVA. Fenergo was founded in 2009 and six years later the New York-based private equity firm InsightPartners acquired a major stake in the business. The rent will be around 26 per sq ft.[/font]
[font=Georgia, "Times New Roman", Times, serif]Daniel Shannon of Knight Frank advised Fenergo and Keith O Neill from BNP Paribas Real Estate advised the landlord.[/font]

subpar wrote: »

Major Fintech Company employing 250 to move into Castleforbes House. This has to be a very positive development for enticing additional retail units to open up in the Castlleforbes / Point Village area.

I thought that FAS/Solas had bought up the entire Castleforbes house as their new HQ?

L1011 wrote: »

May have a full canteen like yahoo and not drive any sales as a result. Their former sister company in Eastpoint doesn't though.

Spar Castleforbes already can't cope with lunch demand or during the builders morning break

There's definitely a gap up at that end for proper sit down eating choices other than Spar or the prepacked sandwiches from the chains. If Mayor Square and Excise walk with loads of options are more than 10 minutes walk from the Point/Castleforbes area then that is cutting it too fine for most staff who are probably lucky if they even get a full hour away from their desk for lunch.

The problem is right now, there is just not yet the critical mass of employers and workers to probably justify made to order cafes/sandwich bars like 7 Wonders, Bakehouse, Munchies etc to locate there. That will change next year I would think once Central Bank opens and a few of the other office buildings around there are completed/occupied.

For the poster who asked why there is a dispute about Dunnes and the Point, the article below gives a background. All very legal and oddly enough, no Bonnie Tyler reference!!:)

http://www.irishtimes.com/business/retail-and-services/point-village-receiver-takes-action-against-dunnes-stores-over-15m-1.2615047

Best estimate is December 2016.

From yesterdays Sunday Independent


Back in the big time: Ronan gets to work on €600m site.


High-profile developer Johnny Ronan has signed off on a €600m deal to begin his latest development on Dublin city's Spencer Dock this weekend.

As part of the ambitious plans, Ronan will develop over one million square feet, which will include four office complexes totalling over 550,000 sq ft; a four-star hotel, a five-star hotel and a major apartment complex for 165 new homes on the landmark six-acre site.
It is the biggest property development in Dublin since the crash.

The development called 'Spencer Place' will also include several restaurants and retail outlets. In addition, the developer's team is examining the feasibility of building a 1,000-bed student accommodation campus.
With backing from US investment giant Colony Capital and tech investment guru Tom Morrisroe, Ronan Group Real Estate (RGRE) had previously been named as the preferred bidder on the site beating off competition from Hines, Ballymore, Galliard, Oxley and New Generation Homes.

This weekend the deal went through - at a cost to investors of €43m. The developer signed on Friday afternoon and workmen immediately moved into the site which had lain vacant for five years.
Mr Ronan may feel vindicated by his return to the docklands having previously built Dublin's Convention Centre, the adjoining Spencer Dock apartments and the PwC (Price Waterhouse Coopers) Building along the waterfront.

In London, Apple also announced that it is to create its spectacular new UK headquarters at Treasury Holding's former Battersea Power Station - which Nama sold for just €600m at what was considered the bottom of the market.
At the time developer Paddy McKillen, said: "The site was sold for a steal." It is now expected to generate profits of up to €10bn and Apple's announcement has been hailed as a "massive coup" for the current owners.

The tech giant will move 1,400 staff from eight sites around the UK capital into what it calls "a new Apple campus" at the iconic power station which remains a listed building. Its employees will occupy all six floors of office space in the brick 'cathedral of power'.
This weekend, a source told the Sunday Independent: "Naturally Johnny is delighted to finally get back to work on Spencer Dock but it obviously stung when news emerged of Apple's plans to relocate to Battersea.

When you think about it: people are upset that the Irish taxpayer lost a reported €440m over the controversial sale of Project Eagle. And rightly so. But the premature sale of Battersea has cost the taxpayer several billion. It's staggering."
Last year, in his written statement to the banking inquiry, Mr Ronan - who was the only major developer to pay back all his loans 'at par' - meaning Nama and the State have not lost money - claimed that Nama had destroyed his then business, Treasury Holdings.

Mr Ronan said it was his belief that individuals in the State's bad bank were prejudicial towards the company, which he once ran with Richard Barrett.
He also added it was his belief that they made a decision to "take it down, whatever the consequence and regardless of the cost to the taxpayer".

Mr Ronan also criticised government officials and claimed they "deferred to Nama, refused to meet us or get involved".
This weekend, speaking to the Sunday Independent Shane Whelan, RGRE's Development Director said: "Ronan Group are delighted to have completed the acquisition of reacquiring the undeveloped land in Spencer Dock, which we see as unfinished business, having delivered the PwC headquarters and a number of other buildings on the site several years ago. We now intend to deliver on one million square feet of a prime mixed use scheme."

Construction at Spencer Place will create more than 1,000 jobs, while the new office space will accommodate over 5,000 employees. It will be located on what will be the best transport hub in the city.

The Dart's new underground headquarters will be located at the site, which will also link up to the Luas line, connecting it to Busarus, Connolly and Heuston train stations.
Ronan has already made an audacious bid to attract businesses seeking to relocate from London to Dublin in the wake of the UK's Brexit decision.

While others within the property industry have adopted a 'wait and see' approach on the potential influx to the capital of firms from London and elsewhere, Ronan, working closely with the IDA, has publicly declared the determination of his company, RGRE, to woo tenants.

In a full page advertisement, which the company recently took out in the UK's Property Week, the headline read: "Yes… Dublin is c alling."
The advert was Ronan's humorous play on the wording of the BBC World Service's wartime 'this is London calling' radio intro, which it used in broadcasts to occupied countries.

It has already delivered early dividends, with numerous inquiries coming from the UK in relation to the company's Dublin development portfolio.
Sunday Independent

Have their own canteen in existing sites I believe. Like yahoo it won't add much if repeated.

Looks like a finish date of March is likely, lets hope the new road is open to vehicles and pedestrians once its completed.

On a associated note , I see the paper store ( blue sheds ) at the side of the Gibson Hotel are being cleared out in preparation for demolition and site clearance to facilitate the construction of the New Student Accommodation Blocks

More good news for the surrounding area from todays Irish Indepenent

Property developers Paddy McKillen Jr and Matt Ryan have been given the green light by Dublin City Council to proceed with plans to develop a new hotel in the heart of Dublin's docklands.
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The proposed hotel at 82 North Wall Quay will be located next to both Dublin Landings, the 1,000,000sq ft mixed-use development currently under construction by developer Sean Mulryan's Ballymore Properties and the Central Bank's new headquarters.
Construction of the new hotel is due to get under way within the next three months with a view to opening for business at the end of 2018. Upon completion, it will consist of 60 bedrooms, a rooftop bar and restaurant, ground floor bar and restaurant, coffee shop and terrace area.

As part of the permission given by Dublin City Council planners, McKillen and Ryan's company, Oakmount, also intends to restore the neighbouring 19th-century building at 81 North Wall Quay, returning it to its former use as a pub. The project will also see the reinstatement of a garden to the rear of the property while the two buildings, both of which are protected structures, will be joined internally at ground floor level.
Apart from the works proposed for the existing properties, the plans drawn up by ODOS Architects will see the creation of an additional two floors with a planted flat roof above the existing eaves level of No 82, resulting in a five-storey building. This addition will see a corten steel and glass feature rising from the protected former industrial warehouse with panoramic views of the River Liffey and surrounding docklands.

While Mr McKillen had sought permission to convert the former warehouse into a 93-bedroom hotel, with the addition of five storeys, council planners objected, saying that it would have been in breach of the Dublin City Development Plan's provisions for conservation of the area.

The new road linking North Wall Quay and Sheriff St should be completed in a few weeks.

In addition the roundabout at the 3 Arena is due to be removed and replaced with Traffic Lights and a new entrance / exit to the port in the next few months.

http://pointcampus.com/

The link above gives a very good impression of the finished look for the Student Accommodation which is planned for opening in Sept 2018.

As for the traffic flow on the new road , no final position has been announced , it will form part of a revised traffic plan for the surrounding area in line with the removal of the roundabout at the 3 Arena and its replacement with Traffic Lights and the opening up of a new vehicular entrance into the port at the junction East Wall Road / Upper Sheriff St.

More Good news , another derelict site about to be transformed. Planning Permission lodged to demolish the disused Hales Freight Warehouse which occupies the site at 86 - 88 North Wall Quay and extends out to Mayor St Upper . There is going to be a lot of building work in the area for the next while.




David Carson of Deloitte, Statutory Receiver of Crossman Properties Limited (In Receivership), intend to apply for planning permission for development at this site. The development consists of the demolition of the former Hales Freight building with a total GFA of approximately 1,846 sq.m and all associated and ancillary site development works. The development does not include sub surface demolition. The application relates to a proposed development within a Strategic Development Zone Planning Scheme area.



The sale was reported in the Sunday Busines Post a few months back:

Tiny sliver of Dublin docklands sells for over €100 million per acre
86-88 North Wall Quay Pic: DublinDocklands.ie86-88 North Wall Quay
Former Hales Freight site bought for a price of some €26 million

A small strip of Dublin docklands land has been sold for an historically high price of more than €100 million per acre, according to sources in the property sector.

The quarter-acre former Hales Freight site at 86-88 North Wall Quay in Dublin has been acquired for a price of some €26 million, the sources said.

Thanks for all the updates Subpar!
Finally some gentrification of the area...
I guess midweek or Saturday lie-ins will be a thing of the past for residents of the area for a while !

More footfall for Shops and Eatery's in the Point Village area.

Facebook is close to a deal to lease enough extra office space to add 1,000 staff in Dublin, according to people with knowledge of the matter.
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Billionaire Mark Zuckerberg's social network plans to lease a 110,000 sq ft (10,220 sq m) building in Dublin's north docks owned by the Comer brothers. The property is between East Point Business Park, where Google and Cisco Systems lease offices, and The Point Village, where Yahoo! occupies space.
Facebook already has its European headquarters in Dublin, with around 1,500 staff at its offices in Grand Canal Square in the south docks. The cool, modern, building was designed by Daniel Libeskind with interiors by Frank Gehry. Facebook moved in after outgrowing a previous building nearby.


In January, landlord Great Portland Estates said Facebook had opted against using an option to expand its major UK office on Oxford Street in London. (Bloomberg)
Irish Independent

Planning Permission Granted for large site clearance works between the Point Village and the New Central Bank.


David Carson, Statutory Receiver of Crossman Properties Limited (In Receivership) and David Carson acting as Statutory Receiver of Chinook Investments (In Receivership), intend to apply for planning permission for development at a site of 1.44 ha (City Block 9) bound by North Wall Quay to the south, Castleforbes Road to the west, Mayor Street Upper to the north and vacant land to the east, and site of 0.57 ha (City Block 3) bound by Mayor Street Upper to the south, New Wapping Street to the west, Sheriff Street Upper to the north and the existing Northbank Apartment development and vacant land to the east. The development consists of the following: - In City Block 9, the demolition of 5 no. vacant buildings with a gfa of 7,363 sq.m including a former retail showroom, 3 no. warehouse premises and a three storey office building- the former premises of Dublin Maritime Limited. Demolition of existing boundary wall and fence on Castleforbes Road/ Mayor Street Upper and demolition of existing boundary wall between the former Tile Style warehouse and former Dublin Maritime Office building/ - In City Block 3 the demolition of 4 no. vacant buildings with a gfa of 5,948 sq.m located to the west of the site including 3 no. light industrial/ warehousing/ manufacturing buildings and the former Stewarts garage premises. - The proposed development includes all associated and ancillary works, including site development works. The application relates to a proposed development within a Strategic Development Zone Planning Scheme area.