Iput’s €250m Carrickmines scheme could support 4,000 jobs – EY

Latest phase of The Park would also need up to 2,770 construction workers, say consultants

A computer-generated image of Iput’s plan for the latest phase of The Park scheme for Carrickmines in south Dublin

A computer-generated image of Iput’s plan for the latest phase of The Park scheme for Carrickmines in south Dublin

 

Iput’s €250 million plan for its latest phase of The Park mixed-use scheme for Carrickmines in south Dublin will support up to 4,000 jobs when built, according to an EY economic assessment of the scheme. The assessment of the Quadrant 3 project has been lodged with the planning application to Dún Laoghaire-Rathdown County Council.

The scheme, on a 25.7-acre site, is comprised of 440 residential units, 31,082sq m of offices, and 21,041sq m of community, retail and leisure facilities that will include two supermarkets.

The EY assessment states that during construction, the project is expected to support up to 2,770 jobs over 3½ years with a labour spend of €28.6 million per annum.

The EY assessment states that the delivery of commercial office and retail space could support up to 4,000 jobs. It notes that the shift towards remote working after the pandemic implies a further 218 to 384 jobs could be supported within the residential part of the scheme.

The scheme complements existing commercial infrastructure at Carrickmines Park, “creating a new mixed-use neighbourhood centre, and generating significant employment and economic activity in the local area”, according to EY.

The initial phases of The Park are home to retailers including Halfords, Currys, Woodie’s DIY, Harvey Norman, TK Maxx, Lifestyle Sports and Petstop.

Iput plans to begin construction of the residential element in January next year and is seeking a 10-year planning permission.

The 440 residential units include 308 build-to-rent apartments across four blocks, including one reaching to 11 storeys.

Existing permission

The site already has permission from 2019 for a neighbourhood centre and 130 residential units, but the new scheme will be substantially larger, with 80 per cent more office space and more than three times the number of residential units.

The planning consultants for the Henry J Lyons-designed scheme, John Spain & Associates, said the proposed development would consolidate the range of services currently offered at The Park, Carrickmines and is suitably scaled to serve the existing and expanding communities in the Carrickmines, Stepaside, Ballyogan and Glenamuck areas to the west of the M50.

Mr Spain said the plan “will make optimum use of an area of underutilised greenfield land and introduce appropriately scaled development which reflects the pattern of development within The Park”.

A decision is due on the application next month.