1 May 2017:
A €1 billion city centre redevelopment plan for more than 14 acres of land around Ceannt Station is back on the cards.
Developer Gerry Barrett, said he firmly believes the CIE lands will come up for sale within the next 12 months, as a result of his ‘Bonham Quay’ planning application for a €100 million office development at the adjoining former ‘Topaz’ oil tanks site at the Docks.
His plans will “kick off” the CIE land plan again, as well as the ‘Forty Acres’ site at the Docks, which he believes would be ideal for residential development.
The ‘Forty Acres’ at Galway Harbour Enterprise Park would be a prime location for residential development, while there should also be some residential element to any redevelopment of the CIE site.
In 2009, Mr Barrett was confirmed as the preferred partner-developer of an €800 million ‘New Galway’ on Ceannt Station, which would be built in phases over ten years.
It was to include 600,000 square feet of retail space, more than 200 residential units, bars, cafés, restaurants and cultural space.
The project was shelved in 2012 because of the collapse of the economy.
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