29 Feb 2024 Demolition works are set to commence at the former ESB site in the town between Pearse and Port Road in the coming days which will make way for a major innovation and business centre.
Once demolition and site clearance works are completed, construction of the Alpha Innovation Centre and Beta Business Centre will begin.
The development comprises three main elements including:
Alpha Innovation Centre – a 7-storey digital innovation centre (circa 17,500 sq./ft floor area) with the expressed objective of building a strong innovative and entrepreneurial ecosystem enabling businesses, both start-ups and existing, to scale, internationalise and respond effectively to emerging market opportunities and challenges. The centre will provide wrap-around supports for businesses including a bespoke pre-accelerator for early idea entrepreneurs and founders.
Beta Business Centre – an 8-storey business and enterprise building (circa 43,000 sq./ft floor area) providing state of the art workspace facilities for a range of knowledge-based businesses in the region. It will attract tenants such as entrepreneurs seeking to advance and scale their businesses as well as multinational companies seeking a second site location in Ireland post Brexit or second site locations to take advantage of the opportunities presented by regional remote working.
Public Realm – the installation of high-quality pedestrian/cycle infrastructure enabling easy accessibility through the site facilitating strong connections between Main Street, Pearse Road and Port Road.
The project is being funded under a range of programmes including the Urban Regeneration and Development Fund (URDF), the Border Enterprise Development Fund (BEDF) administered by Enterprise Ireland and Donegal County Council.
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