Following the recent demand for student accommodation in Dublin, plans for a €41 million 400-bedroom student housing complex have been submitted to Dublin City Council.
The development is proposed for a 2.5 acre freehold site on Mill Street in Newmarket, near St Patrick’s Cathedral in the southwest inner city and will include shops, restaurants, cafes and a gym.
A Dubai-based student accommodation development and management group, Global Student Accommodation (GSA), in partnership with Dublin’s Creedon Group will fund and manage the scheme, which is expected to see its first students in the autumn of 2017.
The complex will be built over five blocks ranging in height from four to seven storeys and will include 96 apartments.
Most of the existing buildings on the site are former industrial premises and will be cleared prior to construction. However a derelict pre-Georgian townhouse at 10 Mill Street will be restored and reused as part of the development.
“We have been working to promote the regeneration of the Newmarket area for many years and this development on Mill Street will be a significant catalyst that will bring in benefits to the immediate and wider area,” said Creedon Group managing director, Martin Creedon.
GSA Europe chief executive Tim Mitchell said that there was a “clear demand” for student accommodation in Dublin which wasn’t being met and the plans were part of a major investment strategy the company had for the city.
GSA already runs similar purpose-built schemes in central London, Dubai, Tokyo, China and Australia, but the Mill Street development would be its first in Dublin.