Demolition work today begins on the € 200m development at Limerick Opera Site.
The project is the single biggest commercial property investment in Limerick and one of the largest ever outside the capital. Upon completion, the 1.62-hectare site will have a capacity for up to 3,000 workers in a campus accommodation of 450,000 sq. Ft. The program will take up to six years to complete, with up to 500 people involved in construction at top on the site.
Among the main elements of the project will be a 14-storey office space; A five-storey aparthotel with 13 separate apartments and retail on ground and basement levels; A four-six-storey building with office space, retail and restaurant / cafe; A new library and significant public works. Contractor John Cisc & Son Ltd. moved to the site yesterday to begin demolition and enabling work.
The site was developed by Limerick Twenty Thirty DAC (LTT), a special purpose vehicle established by Limerick City and County Council to stimulate economic and social development by building and promoting strategic disused sites.
LTT has already completed the Gardens International project on Henry Street. Also included in his portfolio Troy Studios, Castletroi, which is fully completed and leave; The 10-acre Cleeves Riverside project is also in the city center, which is currently in master-planning stage; And the 60-acre Mungret Park residential site on the grounds of the former Mungret College where a 200 unit first phase will go to planning in Q1 2021.
The demolition of extensive space and enabling work will take up to 12 months to complete, as the demolition of all 20th century buildings and later additions, the adaptive re-use of the protected structures and other structures of heritage value. Three major site developments will occur in addition to the extensive enabling and demolition work in the first three years of the program, including the new city library. Aparthotel, retail and apartments and the Revenue Building and Granary developments.
Mayor of the City and County of Limerick, Michael Collins, said: “This is a very exciting day for Limerick City and County Council, for Limerick twenty thirty but, most of all, for Limerick and the broader Midwest area. The development will be crucial in helping Limerick springboard out of the economic challenges that are now everywhere.