Apartment leasing agency IRES Reit has submitted an application for the construction of 492 new apartments as well as ground floor retail and commercial space in South Dublin.
The development is situated in the middle of the Sandyford Business District on the Carmanhall Road as part of the Rockbrook scheme.
The application has been made to the Dun Laoighre Rathdown County Council and will seek permission to build on top of an existing three-storey underground basement car park that was unfinished by a previous developer.
Should the application go through it would see the development built in three blocks on a 2.8 acre site.
IRES already owns 335 apartments in the completed section of the Rockbrook scheme.
The apartments consist of 82 one bedrooms and 410 two bedrooms.
IRES chief executive David Ehrlich said the development is a major opportunity for the company’s future.
“The proposed buildings will be architecturally significant and the interior finishes of the apartments will be of a high quality. We will update investors further on the economics of this project as we progress through the planning process.
“We look forward to working closely with the planning authority at Dun Laoghaire Rathdown and other officials to bring about the successful completion of this important development site in the core of Sandyford,” he said.
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