St Stephen’s Green Shopping Centre owners re-lodge expansion plans

Davy fund paid reported €175m for the centre in 2019

The company controlled by Davy that owns the St Stephen’s Green Shopping Centre has relodged plans with Dublin City Council for the €100 million rejuvenation of the retail space. DTDL Ltd has relodged the plans after the city council last month declared a previous application to be invalid on two grounds.

The council made the declaration after finding that the notices for the application did not comply with several articles under the planning and development regulations. It also stated that the description of the scheme was insufficient for the information of the public and that the full nature and extent of the development must be stated in the notices.

Now, in a revised planning notice, DTDL provides additional detail of what is proposed as part of the rejuvenation of the centre.

The notice states that the eight-storey building over basement will increase the overall height to 38.77m, excluding the multistorey car park which will give the proposal an overall height of 41.77m.

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The notice states that a total gross floor area of 87,932sq m is proposed, which includes a net reduction of retail floor area to 19,049sq m, a net reduction of the existing cafe/restaurant space to 1,740sq m and a net reduction of bar space to 789 sq m.

The notice states that 35,043sq m of offices and ancillary spaces are proposed, and that the proposal will include a reconfigured internal mall opening on to St Stephen’s Green providing access to new and existing retail and cafe and restaurant units on the ground and first floor.

Advancing the case for the redevelopment, a report lodged with the scheme last month stated that most retail units at the “outdated” and “underperforming” shopping centre are too small, and the smaller units at the upper levels trade poorly and can operate only on short term leases.

The scheme is to add two storeys to the existing shopping centre.

The St Stephen’s Green Shopping Centre was first opened in 1988, and the Davy entity has drawn up the plans after paying a reported €175 million for the centre on behalf of its clients in 2019.

A report lodged on behalf of Davy Real Estate Investment and Management with the application has offered a candid assessment of the limitations of the “outdated” centre’s current design.

An architectural design statement drawn up by architects for the ambitious plan, BKD architects, has stated that since opening in 1988, the St St Stephen’s Green Shopping Centre has faced many difficulties in attracting sustainable retailers.

Gordon Deegan

Gordon Deegan

Gordon Deegan is a contributor to The Irish Times