Major construction has begun in Palmsterstown on a €62 million development that originally started site work last May.
The building of Block C and E of a strategic housing development at lands on Palmerstown Retail Park, Kennelsfort Road Lower, Palmerstown, Dublin 20 kicked off this month.
Although work originally began in May 28 last year, work on the first two blocks has only begun.
All in all, the development will see the creation of 250 “build to rent” apartments as well as a café and other residential facilities.
Block C will provide 47 of these apartments, 30 of which are one-beds and 17 which are two-beds.
The building will be six storeys high over a basement.
Block E, at eight storeys, will contain 63 apartments in total, 40 of which will be one-beds and 23 two-beds.
The development will consist of five blocks in total.
Block A will have 27 apartments ranging from three to six storeys over the basement and a communal roof garden on the third floor. Most apartments in the block will have both private balconies or terraces.
Block B is set to hold 46 apartments — comprising 18 one-beds and 28 two-beds at six storeys over the basement in height. All apartments will be provided with private balconies or terraces.
Block D will contain the most apartments with 67 at seven storeys in height. Of these dwellings, 33 will be one-beds and 34 will be two beds. Most apartments in this block will have private balconies or terraces.
The works will see the entire demolition of all existing structures on site.
The development will also include upgrades to vehicular and pedestrian/cyclist access to Kennelsfort Road Lower and landscaping consisting of play equipment and upgrades to the public realm.
While Randelswood Holdings Ltd submitted plans for the development, the McGrath Group is the main contractor of the project.
The property development group recorded profits of €5 million last year.
While work at the Palmerstown site began in 2021, commencements for that year remained static when compared to 2020.
The Building Information Index 2021 Q1-Q4 saw commencements stagnate at €10.5 billion – no change from 2020 and a 10% decrease from 2019.
However, cautious optimism is on the cards for the sector with residential planning applications up 54% in 2021.
This substantial rise is largely attributed to the number of Strategic Housing Development applications submitted in the later months of 2022.