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DURING THE BOOM years, Cherrywood in south Dublin was hailed as a prime location for first-time buyers.
A new suburb not too far from the city centre and Dundrum, it was hailed as a perfect location for commuters to set up home.
Located near the N11 and the M50, and with big employers in the area such as Dell, it attracted a lot of people looking to get on the property ladder.
The Luas Green line services the area too, and where there is transport infrastructure, people assumed other infrastructure would follow.
Stand still in development
As the slow-down in the economy set in, however, development in the area halted and large land parcels were left idle.
In July 2014, Cherrywood was placed into receivership by creditors NAMA, Danske Bank and Lloyds Banking Group.
New town centre
Hines, the US-based global property developers snapped up the 400-acre Cherrywood site and this week it unveiled their plans for a new town centre and business park.
The group, which acquired the site in November 2014, said the new development plans to be a retail-led town centre which will employ over 1,000 people.
Almost 3,800 new houses and apartments are to be built to house an expected local population on the Hines site alone in excess of 10,000 people.
There will also be three significant new parks, two of which will be roughly the size of St Stephen’s Green and Merrion Square.
These will include four full size multi-code paying pitches and a tennis club.
The existing Cherrywood Business Park is also going to be upgraded and will triple in size to deliver modern office and business space for up to 15,000 workers.
The developers said that new Cherrywood town proposal plans to have a fully pedestrianised town centre plaza at the level of the existing Luas line running through the lands – taking its cues from the High Line pedestrian district in New York City.
The plan is to have the Cherrywood Luas stop at street level and in the heart of the new town centre, just steps away from a new civic plaza where there will be a variety of retailers including shops, boutiques, cinemas and other leisure and entertainment outlets, as well as restaurants, bars and hotels.
What about all the traffic this will bring?
The developers said that much of the parking and road access will run under the town centre “allowing for a safer, quieter and more accessible town centre for local residents and workers”.
Senior Managing Director at Hines, Brian Moran said:
“It will be a landmark development integrating new homes, retail, work and leisure facilities within an urban design framework never previously seen in Dublin or in Ireland.”
The overall project is anticipating a new residential population of about 20,000 people living in Cherrywood (including other adjacent lands) at full completion and the business park expansion will see the current workforce of 3,500 swell to well in excess of 15,000.
Hines said it is working in collaboration with Dun Laoghaire-Rathdown County Council and hopes that before the end of this year the construction of the the roads infrastructure and the three major new parks will commence.
If you would like to view the new town plans, the Cherrywood Public Open Days will run from Tuesday 26 May to Thursday 28 May from 8.00am to 8.00pm each day at Block D, Cherrywood Business Park in Dublin 18.
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“Whopping”? Have they missed a few zeros off the end?
Next year there will be no jobs announced at the event. Lisbon will be smiling though
320 in one day is not bad.
By 2018?…………that’s stretching it a bit for the FG election manifesto.
A good dollop for electioneering too I’m sure?
The IDA must think that Ireland as a country that it in dublin, cork and galway city. Nowhere else gets a look in. Only IDA estate that a falling into disrepair. They might as well just rename the Dublin Development Agency.
Kev, it’s hard to attract tech staff outside Dublin. They just don’t have an interest. If there lucky the may get low wage manufacturers to move outside Dublin.
And its going to get worse. All development money for infrastructure going to Dublin. Rest of Country left to rot.
Great news, since the government came to power 125,000 new jobs have been created at a rate of 1300 per week. Today adds to that. The government is doing a splendid job securing the recovery.
You could stay in your mountain top cottage, moan and wait for Silicon Valley to come to you. However opportunity is already 5000 miles closer thanks to the work of the IDA, perhaps you might consider some flexibility on your part?
Kev, my thoughts exactly. This government has abandoned manufacturing entirely. A real mistake. The most successful economies (like germany) have strong manufacturing and de-centralization. This is where FG fails the litmus test for economic growth. Ie. It cant all be IT and Dublin etc.
Unions killed manufacturing, not government
KevJ, the IDA and Govt don’t decide where tech jobs go. The tech companies do. The alternative to Dublin is another EU capital or large hub. That’s the way of the world and has been for a long time. Scale and concentration is what it’s about as well as providing the right environment for their staff who are easily poached if you think that the IDA can coerce tech companies to set up where they don’t want and there there are no other tech companies God bless your innocence. Cork has scale in pharmaceuticals. Dublin in tech. That’s the way these industries work. You move to these companies not the other way around.
Finally in relation to comments elsewhere, the Govt can’t conjure up manufacturing industries. They have tried. That’s why we have foreign investment but that investment has been a boon for the development of Irish companies and management skills. Criticising Govts for not having a magic wand is simply lazy thinking. Move to where the jobs are. This is what is happening all over the industrial world. Or did you think Ireland was unique?
The government don’t dictate these things, the market does. They create the economic conditions to help businesses but you can’t force global companies to setup a manufacturing base in Longford.
@Dane Tyghe – How many jobs have been lost in that same period?
Boon indeed. Nice wordage John; I doff my cap sir..
@Dane Tyghe:- You are such a fraud Dane, a bit like the party you defend with such fervour here day in day out. You try to be pleasant when posting under your own name but with your alternative profiles in the same thread you post snide remarks. A touch schizoid to be honest, it is almost as if you resent everyone else for not loving Enda the way you do. Plus you still have a few signatories to go before you get through the full list.
@ Conor
Don’t know why I bother answering your question, but none.
The net increase in employment in the lifetime of this government is 125,000.
70,000 more people are in employment now than 18 months ago.
http://www.cso.ie/multiquicktables/quickTables.aspx?id=qnq37
Meanwhile greed, traffic and wifi gridlock halts the web summit.
The Minister for gobs will promise the sun moon and the stars. Yes we believe him because he says so.
What will happen to the Irish tech sector if/when the EU come for our corporate tax rate? They certainly won’t hang around for our weather. We need to invest in infrastructure now while the going is good…..
The Tech sector will, ironically, stay for our weather. Our cool, cloudy climate, in fact is ideal for data centres, where most of the power costs are not on keeping the servers and storage running, but on the cooling systems keeping them from overheating.
There have been many high profile articles in major IT publications pointing this out, playing on the pun “Cloudy Computing”
Yeah right Alan, the weather only economically makes a difference for data centres. None of the jobs announced today are “Irish” weather dependent. However they are dependent on transport and internet infrastructure.
There are about twenty jobs per hundred acres of data centres.
Horse manure Spammer.
Pure drivel from you.
1) Traffic in Ballsbridge for the last three days has been flowing perfectly. I should know, I live here.
2) The EU has absolutely no say on out Corporate Tax rate. If they had any, and I mean any, influence on this, we would have been forced to raise this a long time ago.
3) Websummit, by their own admission, organised the Wifi this year. It is their fault alone that it is patchy.
The only point you are remotely correct on is greed – but it is Websummit’s greed that is taking them to Lisbon and nothing else.
Good evening Barry,
I’ll answer in bullet points:
1) The founder of the web summit specifically mentioned traffic and lack traffic calming measures as a problem this week;
2) The EU are currently looking at ways of harmonising corporate tax. One option is for multinationals to pay tax where the sales are made. (I’m quite an expert in this because I brought this up during the first Lisbon Treaty debate ;-);
3) the wifi did not work last year – at a WEB summit!
Anything else you’d like to discuss?
Happy to discuss this Spammer!
Firstly, did you see what €20 bought you for lunch at the #WebScammit?
But to reply to your points
1) The founder of Websummit, Paddy Cosgrave, highlighted potential traffic issues in a morning Ireland interview BEFORE the summit. He’s since been proven to be talking nonsense.. As I said earlier, I live here. The traffic plan the Gardai have in place is excellent and working perfectly.
2) I work in tax. It is an absolute fallacy to day that the EU are working at harmonising tax rates. That is a fiction. Neither BEPS nor CCCTB would give any power to the EU over our CT rate. The OECD are looking at trying to establish a framework for agreed reporting mechanisms but they will not include enforcing rates in this.
So your comment above that “the EU coming for our corporate tax rate” is completely inaccurate. It is a flat out mistruth that they could ever do so.
3) The Wifi last year was provided by the RDS, not the Gov, and was the cheapest on offer to Websummit – who gleefully accepted the cheap option. It failed.
This year, as they themselves have advertised,the wifi is being run by Websummit. If it fails , or is patchy as it has been all week, it is the fault of Websumit and Websummit alone.
The other points i’d like to discuss are –
A) Paddy Cosgrave described the €700,000 he received in Gov grants as “hush money”.
Since he clearly can’t keep his mouth shut – can the Irish people have this back please?
B) €1,245 for a standard ticket, but the hotels are the ones gouging?
C) How has he managed without a Garda Escort this week, which he had demanded? Was he ok? Was the Garda Escort he demanded REALLY needed or was it just the ego of a jumped up new millionaire?
1) It’s. nice that you didn’t notice much traffic the other day but that did not effect the web summit’s founder decision. He (the decision maker) claimed traffic was an issue. Furthermore Dublin has some of the highest traffic congestion is Western Europe.
2) The EU are currently holding a public consultation on CCCTB. This could have a huge adverse affect on the corporation tax collected in Ireland. http://www.irishtimes.com/business/economy/commission-asks-public-for-views-on-ccctb-proposals-1.2384378 . If that doesn’t solve the EU’s Irish tax problem they’ll keep coming until they solve the problem.
3) The wifi did not work last year. That was a joke, full stop!
@Dane
Hopefully FG will send a positive message to investors,by not putting a known dissident republican into our senate….what you think ?
Great news the begrudgers can go a shite.
I shouldnt need to move to Dublin to get a tech job.Shall we all move to and annexe the rest of the country as not needed. What’s the point of the government paying for some of the cost of laying fibre all over the country if the tech companies only want to go to Dublin. The IDA has abandoned the west in terms of jobs. You can’t force tech companies to come to the west but you can make it easier for them not to go by making the west doesn’t have the buildings , office space or technology to give it a chance of securing some jobs.
When they hear the RNU are in Dublin now,they probably will go elsewhere.
Web Summit rocks
Ireland is the jobs machine of Europe at the moment.
Ireland, population 4 million, created net 60,000 jobs last year.
Germany, population 80 million, created net 300,000 jobs last year.
If you do the math, you can see that Ireland is created jobs at 4 times the rate of Germany when adjusting for population, and Germany are supposed to be a “success”.
Perhaps we should leave the eurozone and join the dollarzone?
We’re doing grand in the eurozone as it is so. Who would bail us out next time if we pegged our new currency to the dollar?
How many layoffs have there been in the last five years .. Loads !
We are led to believe it’s only new jobs but it’s not …
The same companies announcing IT jobs are making layoffs / retrenchments at the same time
” free publicity ”
Bluffers !
Why Dublin? Why not somewhere else in the country to create jobs and revitalize the dying towns elsewhere
Ruth – why don’t you set up a company and create jobs in your local town then? Stop looking for “daddy” government to give you goodies.
These companies are not here to save your town. Better Dublin than London or Amsterdam.
Ah they’ll be best mates again now
Biggest fear is the PESTLE model and the Euro?
https://www.rt.com/shows/sophieco/320457-eu-currency-economy-crises/
2 things I’d love to know, how many Irish people will be employed and how much corporate tax will they get away with
Even if they employ all foreigners, those foreigners will move here and buy goods from irish stores, want services from Irish companies, pay income taxes here and make investments here.
Great!
Ohh wait …..
It’s jam tomorrow!
Sigh….!
*tightens belt.
These jobs were announced at the Web summit at press conference. That doesn’t mean that the Web summit had anything to do with the jobs being created …
GET YOUR HANDS OFF MY KIDS!!!
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