Construction to start on major North Wall Quay development
Targeted Investment Opportunities (‘TIO’) has announced that it hopes to initiate construction on a significant commercial development at 91-94 North Wall Quay this autumn. TIO are currently seeking an amendment to the existing planning permission that will allow construction to commence on a large new development to include a luxury hotel and over a quarter of a million square feet of office space.
Once completed, 91-94 North Wall Quay will comprise an eight storey ‘Grade A’ office building with a floor area of approximately 273,373sq.ft (25,397sq.m), a six storey 241 bedroom luxury hotel with a floor area of approximately 133,000sq.ft (2,356sq.m), 30 car park spaces, and a bike storage area for 268 bicycles. It is expected that 500 people will be employed in the construction stage of the development.
Justin Bickle, Chairman of TIO and Managing Director of Oaktree, commented: “This exciting development at North Wall Quay will provide much needed high quality commercial office space in the heart of Dublin. TIO have successfully developed several major commercial developments in Dublin’s docklands over the last five years and we are confident that our property at 91-94 North Wall Quay will positively enhance the city’s commercial office space.”
The property occupies a prominent riverfront position between North Wall Quay and Upper Mayor Street with Castleforbes Road to the East and the 3 Arena on the western boundary. In the immediate vicinity of 91-94 North Wall Quay is an urban quarter comprising modern office blocks, The Point Luas stop, the Gibson Hotel, Odeon Cinema Point Village and the neighbouring 3 Arena. JLL and Savills will be appointed as letting agents.
