Yet another hotel in Dublin city centre.
A new hotel and rooftop restaurant are to be at the centre of the new Clerys Quarter on O’Connell Street in Dublin.
Following the refurbishment of the former department store after it was bought by Europa Capital and its local partners Core Capital and Oakmount, the mixed-use development is due to open in the fourth quarter of 2022.
Its owners are hoping the quarter will “reignite the vibrancy of Dublin’s landmark street”.
The completed redevelopment of Clerys Quarter will comprise of around 90,000 sq ft of Grade A office space, a new 213-bed four-star hotel and a panoramic rooftop restaurant, which will house the latest venue from PressUp Group.
On top of this, Flannels and H&M have committed to opening their Irish flagship stores at the quarter.
The Flannels store, its first flagship outside the UK, will occupy 30,000 sq ft on a 15-year lease and will offer luxury fashion.
H&M has also chosen the site for what will be its largest Dublin city centre store, which will also comprise of 30,000 sq ft.
Key to the building’s redevelopment is its historic features, including the colonnaded façade, internal staircases, columns and ceilings and the famous refurbished Clerys clock.
Once complete, the quarter is expected to create around 400 new jobs in addition to the 750 construction jobs it is supporting during the works.
“The refurbishment of the former Clerys department store will transform this area of the city into one of Dublin’s premier destinations and is a fantastic case study for the repurposing of pure retail assets for the future,” Partner and Fund Manager at Europa Capital Jason Oram said.
“The leasing of two anchor stores to high profile brands demonstrates the strength of the location in the heart of Dublin, as well as the appeal of Clerys Quarter as a mixed-use scheme.”
Managing Director at Core Capital Derek McGrath said positioning Clerys Quarter as a “destination of choice” in Dublin city centre was a key focus of the redevelopment.
“We believe the addition of Flannels and H&M as anchor tenants deliver on that focus,” he added.
“Tenants of this calibre combined with our exciting food and beverage offering will provide consumers with a unique shopping experience in the city centre.”
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