A €50 million plan to redevelop and refurbish Phibsboro Shopping Centre has been announced today. The real estate capital company MM Capital announced this morning that it has lodged an application with Dublin City Council for the redevelopment of the 2.8 acre on Dublin’s northside.
The proposal submitted by the company consists of the redevelopment of the existing retail space and the addition of extra retail and commercial office space, along with a civic plaza MM Capital have said they had a provisional target is to complete the proposals over a 24-month time-frame. The plans include student accommodation on the site with 340 beds. The overall site currently comprises an open strip mall of ground floor retail units, the former tram depot comprising mainly single-storey warehouse building, and the Tramway End, the former east terrace of Dalymount Stadium.
The existing office building will be upgraded and refurbished as part of the development works and the existing Tesco store, off licence and Eddie Rocket’s are excluded from the proposals.
If Dublin City Council grant the planning permission, the Phibsboro Shopping Centre development will incorporate nearly 3,000 square metres of new retail space, an upgrade of the existing 1,667 square metres of the existing retail units, the redevelopment of over 3,700 square metres of existing office space and the provision of nearly 1,400 square metres of new commercial office for new tenants and a new civic plaza which will potentially facilitate a new entranceway to a redeveloped Dalymount Park.
The student accommodation would also see a new cycle route created between the North Circular Road and Connaught Street.