Real estate companies Hines and the Peterson Group have been granted a building permit for the Central Plaza project in the heart of Dublin city center.
Hines issued a joint statement on Wednesday welcoming An Bord Pleanála’s decision regarding the former central bank’s site on Dame Street.
Hines senior managing director Brian Moran said the company was “delighted” that the project was given the green light.
“With the building permit now granted, this means that this exciting downtown project will accommodate more than 1,300 office workers,” he said.
The project will also create more than 300 new full and part-time retail and hospitality jobs in the five buildings that make up the Central Plaza complex.
As part of the “sensible restoration” of the building’s interior which is “already well underway,” the former Central Bank headquarters will offer 73,100 square feet of commercial office space over eight floors.
The facility will also include open-plan and breakout meeting spaces to create a “modern environment that will be a highly desirable place to work.”
The entrance hall of the 6m high building will be accessed via a grand staircase accessible from the square to a 15m wide glazed facade with double height revolving doors.
“When completed, Central Plaza is expected to become one of the most vibrant and vibrant areas in the city center with the creation of 33,000 square feet of shops, restaurants and cafes at street and basement level.” , Hines said.
The existing plaza is also being enlarged to create a ‘dynamic new streetscape’ towards College Green and along Fownes Street and Cope Street, creating a link between Grafton Street, College Green, Trinity College and Temple Bar.
“Central Plaza is part of a comprehensive master plan that includes the adjacent properties 6-8 College Green, 9 College Green, as well as the Dame Street ancillary and commercial buildings,” the company said.
The 12,500 square foot office component at 6-8 College Green was pre-let to Amtrust Financial last year, which will begin occupying the space in the third quarter of this year.
The 10,000 square foot ground floor business unit in 6-8 will also be completed during this period, and the scaffolding on this building will be removed in the coming weeks.
Hines hired BNP Paribas as a rental agent for the commercial and hotel offer for Central Plaza. It said it was “attracting significant interest” from major international and domestic retailers as well as food and beverage operators.