Major Infrastructure Works for 1,300 New Build-to-Rent Homes Launched
Housing Minister Simon Coveney today turned the sod on major infrastructure works at Cherrywood, Dublin which will pave the way for a substantial element of the 7,000 new homes envisaged along four LUAS stops in south Dublin. This infrastructure build is the first step towards the delivery of 1,300 new homes envisaged to start later this year as one of Ireland’s first build-to-rent projects as part of the Government’s solution-based plan for Rebuilding Ireland.
The Minister said:
This is Rebuilding Ireland for real, and the start of one of Ireland’s biggest urban development projects which will eventually employ around 3,000 people. The overall investment of capital into the Irish economy from the full SDZ infrastructure project will be in the order of €160m and will build up to just short of €1bn. There are additional announcements to come on other major public and private housing projects in Dublin and regionally. Work is advancing on the Government’s National Planning Framework for overall planning and development - Ireland 2040 – Our Plan, Rebuilding Ireland is gaining momentum and delivering on the ground.
The Minister concluded that:
Cherrywood will be a model sustainable community, provided from the outset with high-quality public transport facilities, new parks equal in size to Marlay Park and Saint Stephen’s Green and a truly integrated residential and retail town centre along with 1,300 build-to-rent units, 10% of which will be social, in one straight go, with the aim of starting in Autumn of this year.