Council planners have granted conditional permission for a significant apartment development at the former Limerick Ryan hotel site on the northside. Tribeca Asset Management, led by developer Aidan Brooks, has received the green light to convert the six-acre site into a residential complex, comprising 167 apartments at an estimated cost of €80m. This article delves into the details of this transformative project and the conditions attached to the approval.
Council planners have given the green light for a substantial residential project at the site of the former Limerick Ryan Hotel. Tribeca Asset Management, headed by developer Aidan Brooks, has secured conditional permission to redevelop the six-acre site into a residential complex featuring 167 apartments at an anticipated cost of €80m. The article explores the specifics of this development and the conditions stipulated in the approval process.
Council planners have granted conditional permission for the development of 167 apartments at the former Limerick Ryan hotel site on the northside. Tribeca Asset Management, led by prominent developer Aidan Brooks, has been approved to undertake the transformation of the six-acre site. The project, estimated to cost €80m, will involve constructing the apartments across five new blocks varying in height from three to five storeys. The site, situated off North Circular Road, Roses Avenue, and Ennis Road, will also include the refurbishment of the seven-storey former Clarion Suites Hotel, which ceased operations in 2010. The refurbishment of this hotel has already been completed, with tenants beginning to occupy the 61 apartments within the development.
Aidan Brooks acquired 4.8 acres of the site from Nama in 2018 for a reported €6.8m. Subsequently, he expanded his ownership by purchasing the old public house on the land, consolidating his ownership to six acres. Despite objections from over 30 groups and individuals, including concerns raised about privacy, security, landscaping, noise, traffic, and parking, the project has garnered support from Limerick Chamber, the region’s largest business representative group. The Chamber has endorsed the development, emphasising the current low availability of rental units in the area.
In conclusion, the conditional approval for the large-scale apartment development at the former Limerick Ryan Hotel site marks a significant step in the revitalisation of the area. Despite objections, the project is set to bring new housing options to the region, addressing the demand for rental units in Limerick. With the refurbishment of the former hotel and the construction of modern apartments, this development is poised to enhance the residential landscape of the locality.
