DUBLIN CITY COUNCIL has signed 25-year social housing leases for 124 new apartments behind the former Regency Hotel in North Dublin.
Roseberry Investments Ltd was granted planning permission by An Bord Pleanála for 124 build-to-rent apartments in September last year at lands adjacent to the Bonnington Hotel in Dublin 9.
The development would see 48 one-bed and 78 two-bed apartments in blocks up to six storeys tall on the site of the current car park at the back of the hotel in Whitehall.
The Department of Housing recently signed off on a leasing deal between the Council and the investor of the development and it is expected that the apartments will be completed within the next 18 months. However, the Council will not own the apartments at the end of the lease.
The move comes amid criticism of the State’s reliance on expensive social housing
Continue reading this atricle at https://www.thejournal.ie/councillors-query-long-term-lease-deal-for-124-apartments-at-site-of-former-regency-hotel-5502457-Jul2021/