The project: The Adamstown project, which will be built over the next 10 to 15 years, involves the creation of an entire new town beside Lucan, which will eventually be home to 20,000 people.
The €2 billion town includes the construction of 10,000 houses in total, which will be built in 14 separate phases of between 300 and 1,000 units.
The ambitious development also involves the construction of three primary schools, one secondary school, two small town centres, a rail station and one large commercial centre with over 30,000 square meters of retail and office space, close to a new rail station.
A new road network will be built, including a new dual carriageway which will link the town to the M4 and N7.
Other elements of the plan include 1,400 creche places, and three parklands amounting to 70 acres in size.
The developers will also build a swimming pool and various community facilities.
The development is also the first "strategic development zone" in the country, a new concept in planning where property developers work in partnership with local authorities and state agencies to prepare a master plan for large development sites.
Under the Adamstown SDZ plan, new phases of housing cannot be built without certain infrastructure being in place. For example, a new primary school will have to be under construction by the third phase of the development. The new railway station will also have to be completed by then.
"The country is watching and probably wondering can it be done, will it be done right, will it deliver on the promise," said Mr Joe O'Reilly, managing director of Castlethorn Construction, the main developer of Adamstown. "We are confident Adamstown will deliver on the vision. We are confident that the entwined streams of infra and housing will be delivered on time, on budget and according to plan."
The Adamstown plan had met with stiff opposition from locals who were concerned that a large swathe of commuter housing would be built before the proper facilities were put in place.
South Dublin Mayor, Labour councillor Mr Robert Dowds, said locals were naturally concerned, giving the planning history of the area. "I am convinced that the development of Adamstown will be different," he said.
Mr Seán Giblin, of the local action group Deliver It Right, said that the three-year planning and consultation process had allayed concerns of many Lucan residents, as adequate school and other facilities were included in the plans.
"The developers are doing a reasonably good job," he said.
He said that the main concern was about the lack of transport infrastructure outside the Adamstown SDZ to take people to and from the new town.