Residents are opposing plans for a seven-storey apartment scheme for the Frascati centre in Blackrock, south Dublin.
Last year, IMRF II Frascati Ltd Partnership lodged plans for the 98 apartments as part of phase three of the overall development plan.
The same firm has lodged separate plans for another 41 apartments at the Frascati site, which are also being opposed by locals.
The 98-unit phase is to adjoin an already permitted 45-unit residential development, which is under construction.
In response to the 98-unit scheme, the Frascati Park Residents Association told Dún Laoghaire Rathdown County Council that it would result in a depreciation of the values of homes in Frascati Park due to the scale of the proposed apartment block.
The residents said bedrooms, gardens and kitchens of houses to the rear of Frascati Park would experience a loss of privacy.
The objection lodged by Dr William Killeen on behalf of the association said that he and its members "feel that any investment made in our houses run the risk of serious monetary impairment if the scheme is approved".
A number of other objections have been lodged from the area, with Daniel Crean telling the council that "Ireland needs new houses – everyone deserves a home to live in, but it needs to be done in the appropriate manner and in the right location".
However, planning consultant John Spain, for the Frascati firm, said the proposal "provides a suitable form, design and scale of development for this strategically located site, within an existing District Centre and situated adjacent to high-quality public transport".
Mr Spain argued that “the scheme design ensures that the residential amenity of adjacent areas is adequately protected”.
In response to the residents’ concerns, the council has requested the developers to lodge revised plans and omit a small number of apartments.