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Plans for more than 850 homes in Dublin “will have to be abandoned” if city councilors refuse to approve the sale of land to a private developer, warned council housing chief Brendan Kenny.
The council has reached an agreement with Glenveagh Living to build 853 social, affordable and private homes on Oscar Traynor Road in Santry, just east of the entrance to the Dublin Port Tunnel. However, the plan cannot go ahead unless approved by councilors on Monday.
In January 2019, councilors agreed to plans for the redevelopment of council-owned land at O’Devaney Gardens, St Michael’s Estate and Oscar Traynor Road.
St Michael’s Estate in Inchicore has been designated for the city’s first cost rental project for low and middle income workers. Last year, councilors ratified a deal with developer Bartra for more than 800 homes on the O’Devaney Gardens site near Phoenix Park in Dublin 7.
However, a substantial number of councilors opposed O’Devaney’s agreement, with considerable concern over the large number of private housing proposed for the council-owned site, with 50% private housing, 30% social housing and 20% of planned affordable purchase homes. .
The deal was approved after Bartra offered to sell a percentage of the homes to the city council or a designated housing agency for affordable rent.
Oscar Traynor’s proposal is similar to O’Devaney’s scheme, with the same percentages of private, social and affordable housing, most of which will be apartments. Affordable housing is expected to cost from € 230,000 for a one-bedroom apartment to € 330,000 for a three-bedroom apartment.
Registration of vacant sites
Glenveagh will receive a payment for social and affordable housing, but will pay the city council € 14 million for the land. The 17-acre site is currently on the vacant site register with a value of 44 million euros.
However, Mr. Kenny said the council is “reaching an agreement that accounts for the monetary value of the land in such a way that it satisfies the original vision of Oscar Traynor Road.”
If councilors don’t approve the deal, “then unfortunately the Oscar Traynor Road project and this acquisition process will have to be abandoned,” Kenny said. “This would mean going fully ‘back to the drawing board’ and, realistically, we would estimate that it could be another five years before we reach this stage again.”
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