Planning permission has been granted for the development of two major parks at Cherrywood, marking the first major phase of development for a new town centre and 3,800 new homes at the South Dublin site.
Earlier this year, housebuilders Cairn Homes and global property investment firm Hines Ireland announced a €30.7m housing deal for Cherrywood to build homes under the masterplan for the Cherrywood Strategic Development Zone (SDZ).
The two parks will comprise a total of 35 acres at two separate locations in Cherrywood.
Tully Park, at 22 acres, will be immediately adjacent to the planned town centre and will be equivalent in size to St Stephen’s Green, while Beckett Park (13 acres) will be located at the north western end of the SDZ and will be similar in size to Dublin’s Merrion Square.
An application for a third major park, the 22 acre Ticknick Park, is expected to be submitted in the coming months.
Work is set to begin in the coming weeks on the multi-million euro project, which will see the development of the two substantial sized parks at Cherrywood over the next 18 months.
Planning permission has been granted by Dún Laoghaire-Rathdown County Council under the SDZ.
Welcoming the announcement, Senior Managing Director of Hines Ireland Brian Moran said: “Hines is focused on rolling out the Cherrywood project as quickly as possible to deliver an unrivalled location for families to live in and for businesses to flourish.
“Our vision to have a high quality, amenity-led environment at the heart of the new Cherrywood is now becoming a reality with the upfront development of these large parks.”
The development is set to become the largest construction project in the State and, when completed, will be a completely new town for South Dublin with around 30,000 residents.
Cairn purchased two lots in Cherrywood for €21.5m, with an option to purchase a third lot for €9.2m on receipt of the planning permission.
Hines first bought the Cherrywood site in November 2014.
