Demolition work begins today on a $ 200 million development at Limerick’s opera site.
The project is the largest commercial property investment in Limerick and the largest commercial project outside the capital. The 1.62-hectare 450,000-square-foot campus residence can accommodate up to 3,000 workers. The program will take up to six years to complete, and up to 500 people will be involved in the construction of the site.
The main elements of the project will be a 14-storey office space building; Five storey apartment with 13 different apartments and retail outlets on the ground and basement levels; Four to six storey building with office space, retail and restaurant / cafe; A new library and important public area. Contractor John Sisk & Sun Ltd. went to the site yesterday and began demolishing and enabling the works.
The site is being developed by Limerick Twenty Thirty DAC (LTT), a special purpose vehicle founded by the City of Limerick and the County Council to promote economic and social development by building and promoting strategically useless sites.
LT has already completed the Gardens International Project on Henry Street. Troy Studio, Castletroy, is included in its portfolio, let it be completed; And the 10-acre Clevehouse Riverside project in the city center, which is currently in the master planning phase; The 60-acre Mangret Park residential site on the grounds of the former Mangret College, where the first phase of the 200-unit Q1 will go into planning in 2021.
The extensive site will take up to 12 months to demolish and activate, as well as the demolition of all twentieth-century buildings and subsequent additions, adaptive reuse of protected structures and other structures of heritage value. The first three years of the program, including the new city library, will feature extensive enablement and demolition work as well as three major site developments; Apparel, retail, apartments, revenue building and granary developments.
Michael Collins, County Mayor of Limerick City, said: “This is a very exciting day for both Limerick City and County Council. This development will be crucial in helping the Limerick Springboard out of the economic challenges it now faces everywhere. ”