Diageo has announced plans to transform 12.6 acres at its St James's Gate site in Dublin city to create a new mixed-use development, which will include residential units.
The maker of Guinness said that after "significant" investment since 2011 at St James's Gate and advances in technology, it can now brew more beer with less space.
To this end it wants to transform 12.6 acres of its nearly 50 acre site to create a mixed-use development called the St James's Gate Quarter.
Diageo looking to build offices, shops, housing on St James Gate site pic.twitter.com/ytcU2uFVYc
— RTÉ Business (@RTEbusiness) October 4, 2017
The company said it has developed a vision, underpinned by both the Dublin City Development Plan and the Liberties Local Area Plan, for the development project.
The plan for the city centre site will include up to 500 residential units as well as office and commercial space.
The new quarter will be opened up with public spaces and streets and will be fully integrated into the wider Liberties area, it added.
In the first step of this term project, Diageo has started the search for a "world class development partner" who can help to deliver this transformative vision.
Diageo said it plans to retain ownership and custodianship of a number of key buildings in the quarter, including the iconic gate itself and Arthur Guinness's residence.
Oliver Loomes, the country director for Diageo Ireland, said the company is committed to a long term sustainable future at St James's Gate.
Mr Loomes said the company is "delighted" to be opening streets, creating spaces, and generating opportunity.
"We are transforming our centuries-old vat houses, brew houses and cooperages into incredible spaces that will house and inspire a new generation of entrepreneurs, residents and visitors, dreamers and doers," he added.
