Plans are to be lodged shortly for a 244-unit, build-to-rent apartment complex on lands formerly owned by Blackrock College in south Dublin.
Lioncor Developments is to lodge fast-track plans with An Bord Pleanála for the scheme at Cross Avenue, Blackrock that would reach up to nine storeys in height.
The scheme by Lioncor subsidiary, 1 Players Land Ltd, is to comprise of 122 one-bed apartments, 100 two-bed apartments, 18 studios and four three-bed units in three blocks on lands beside Blackrock College.
The scheme is to include facilities such as a café, a co-working area, meeting areas, a pet wash, a fitness area and a residents lounge.
The scheme also includes 71 car parking spaces in the basement, and 479 bicycle parking spaces.
The planning notice said the planning documents contained a statement outlining why planning permission should be granted despite the fact that the proposed scheme materially contravenes the local development plan.
Lioncor last year paid out a reported €16 million for the Cross Avenue site in the face of competition from a number of other developers.
The proceeds of the sale went to the order responsible for Blackrock College, the Holy Ghost/Spiritan congregation.
Lioncor, a joint venture between Alanis Capital and US private equity giant, Oaktre, gave notice to An Bord Pleanála earlier this year of its intention to seek planning for 311 build-to-rent apartments in a scheme reaching 12 storeys in height.
However, as part of a pre-planning consultation exercise, the board told the applicants that the proposal required further consideration or amendment.
The inspector in the pre-planning case, Daire McDevitt, recommended further consideration on the plans in respect of compliance with local planning policy and development strategy.