The Abu Dhabi-backed €650m-plus Ballsbridge development Lansdowne Place in Dublin, which includes luxury apartments and an hotel in phase two, gets its first formal launch today, predominantly with 24 two-bed apartments at €900,000. There are also two one-beds at €825,000, and two three-beds priced at €2.15 million.
Being built on the site of the former Berkeley Court/Clyde Court hotel (previously associated with Sean Dunne) which was demolished last year, the overall development will total up to 490 apartments, a 150-bed hotel and 75,000 sq ft of commercial and retail development.
Kicking off the high-end scheme in Dublin 4 is the official public launch of 28 apartments, out of 215 being built in phase one. It features a 6,000 sq ft, three-storey marketing suite opening up which includes two-bed and three-bed show units, with interiors by London-based interior architects Goddard Littlefair, on their first residential project in Ireland.
Bankers and Brexiteers, as well as traders-down from some of the capital city’s valuable red-bricks (among which this development is placed) can be expected to cast an eye over the scheme, designed by O’Mahony Pike Architects over seven ‘pavilions’, and selling via Sherry FitzGerald and Savills.
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The first completions are in the first half of 2018, and it’s known that 29 have already been booked in off-market pitches. Green Property’s Stephen Vernon (who bought a holiday home in Glandore in 2014 for €1.7m) is among the early birds, understood to have picked up a large penthouse for a possible €4m-plus. Values for new apartments around Ballsbridge, in smaller niche developments, have topped €1,000 per square foot.
Backed by investment entity ICAV which is owned by Abu Dhabi Investment Authority (ADIA), the ambitious 490-unit and upper-end market-testing Lansdowne Place is being delivered by the seasoned team at Chartered Land — Dundrum Shopping Centre is among their top developments — who have been appointed by ADIA as development and investment managers for the major project.
The mixed-use investment comes as Ballsbridge recapitalises on its stellar location post-crash recovery, with about 750,000 sq ft of new offices also expected over the next two years, including One Ballsbridge, and other major schemes around Shelbourne Road and the RDS.
According to Sherry FitzGerald and Savills, “Lansdowne Place sets a new international standard for apartment living in Ireland and provides a unique opportunity to own a property of unrivalled quality, in a premier location.”
Sizes range from one bed apartments at 782 sq ft, through two-bed apartments from 954 sq ft to 1,627 sq ft, and the two €2.15m three bed apartments at 1,910 sq ft.
Purchasers/residents at Lansdowne Place will get membership of a London-style purpose-built leisure facility and 24-hour concierge service, offering library, lounge, cinema room, gym, sauna, treatment rooms, and hospitality spaces.
The site at the corner of Lansdowne Road and Shelbourne Road was, for 150 years, site of the former Trinity College Botanic Gardens, and the new scheme has landscaping by Bernard Seymour, Landscape Architects which “will retain many original specimen trees, recalling the botanic history of the site.”
This article originally appeared in the Irish Examiner
