Developments on O’Connell Street’s new Clerys Quarter will begin within the first 3 months of 2019.
The Clerys Quarter will include restoration of the original facade, ‘The Tea Rooms’ restaurant, internal staircases as well as the famous “Clearys Clock”
The department store, which was a focal point of O’Connell street for 162 years, closed its doors in 2015 with the loss of 460 jobs.
The Natrium consortium bought Clerys for €29m in 2015 but was eventually taken over by Europa Capital, Core Capital and Oakmount last year after a legal dispute.
The site will become a new mixed-use development which will house multiple retail spaces, a new 176-bedroom hotel, offices and new restaurants and bars.
It is estimated that 750 construction jobs will be created during the building process and 400 new jobs will be provided when the project is finished in 2020.
Planning permission is in place to extend the current buildings from 212,000 square feet to 344,000 square feet. Offices will be spread out over 92,100 square feet across the original building and a newly developed Earl Building, which will face onto North Earl Street.
The basement, ground and first floors of the existing Clerys building will be taken over by retail space.
A new street level destination titled Earl Place Market, situated on Earl Place will offer an array of independent restaurants, cafés, and bars.
An old warehouse behind the existing Clerys building will be transformed into a brand new 176-bedroom hotel. This is not the only new hotel as a separate project by Tetrarch will see the Moxy Hotel being built on the other side of Earl Place Market.
“This is the type of mixed-use development that Dublin city centre is crying out for, (it) has the potential to inspire a new golden age for O’Connell Street,” said Dublin Chamber CEO Mary Rose Burke in a report by RTÉ