Skip to main content

It's Gas...Apartments Not Selling In Dublin City...Gasworks!









The 210 apartments in the nine-storey Gasworks building, in Ringsend near Landstown - Dublin 4, have been vacant since they went on sale two years ago.

Developer Liam Carroll has since got the OK to convert the Gasworks apartments into a 520-bed hotel.

However local residents are saying "no" to the plans and have appealed the proposal. Their main concern seems to be they will have to pay for the upkeep of common areas - hotel guests will not etc.
The original promotion of the apartments, 2 years ago, by Hooke & Mac Donald mentioned:
...One of the most interesting and significant residential projects ever to be carried out in Dublin was launched on the market...

A familiar feature of the South Dublin skylinehas been transformed.

The striking metal cylinder of the former gasholder at Barrow Street creates a frame within which a stunning new nine storey block of large two bedroom apartments has been built.

The curves of the building complemented by its dramatic glass façade, bring an historic site into the future with contemporary, groundbreaking design.

This cylindrical structure is the focal point of The Gasworks,an innovative residential development built around beautifully landscaped gardens in one of the city’s most desirable locations, adjacent to all the amenities of Ballsbridge and the South City.

Along with its impressive design, The Gasworks represents a total lifestyle change for residents who want tobe part of everything the city has to offer, but who like to find tranquillity in an urban setting – a superb opportunity for owner-occupiers and investors alike.
Well that was the theory anyhow!..There was no interest by buyers.
But what a unique building - I think it will make an excellent hotel!



Popular posts from this blog

Ireland's Celtic Tiger Excesses...

'Bang twins' may never get to run a business again... POST-boom Ireland is awash with cautionary tales of Celtic Tiger excesses, as a rattle around the carcasses of fallen property developers and entrepreneurs will show. Few can compete with the so-called Bang twins for youth, glamour and tasteful extravagance. Simon and Christian Stokes, the 35-year-old identical twins behind Bang Cafe and exclusive private members club, Residence, saw their entire business go bust with debts of €9m, €3m of which is owed to the tax man. The debt may be in the ha'penny place compared with the eye-watering billions owed by some of their former customers. But their fall has been arguably steeper and more damning than some of the country's richest tycoons. Last week, further humiliation was heaped on them with revelations that even as their businesses were going under, the twins spent €146,000 of company money in 18 months on designer shopping sprees, five star holidays and sumptu

I fear a very different kind of property crash

While 80% of people over 40 own their own home just a third of adults under 40 do. This is disastrous for social solidarity and cohesion Changing this system of policymaking requires a government to act in a way that may be uncomfortable for some. Governments have a horizon of no more than five years, and the housing issue requires long-term planning. The Department of Public Expenditure and Reform was intended to tackle some of these problems. According to its website its remit is to “drive the delivery of better public services, living standards and infrastructure for the people of Ireland by enhancing governance, building capacity and delivering effectively”. So how is the challenge of delivering homes for people in 2024 and beyond going to be met? The extent of the problem is visible in the move by companies, including Ryanair, to buy properties to house staff. Ryanair has, justifiably, defended its right to do so. IPAV has long articulated its views on how to improve supply an

Property Tycoon's Dolce Vita Ends...

Tycoon's dolce vita ends as art seized... THE Dublin city sheriff has seized an art collection and other valuables from the Ailesbury Road home of fallen property developer Bernard McNamara. The collection will be sold to help pay his debts. The sheriff, Brendan Walsh, is believed to have moved against the property developer within the past fortnight, calling to his salubrious Dublin 4 home acting on a court order to seize anything of value from his home to reimburse his creditors. The sheriff is believed to have taken paintings from the family home along with a small number of other items. The development marks a new low for Mr McNamara, once one of Ireland's richest men but who now owes €1.5bn . The property developer and former county councillor from Clare turned the building firm founded by his father Michael into one of the biggest in Ireland. He is the highest-profile former tycoon to date to be targeted by bailiffs, signalling just how far some of Ireland's billionai