New €500 million urban village development starts in Adamstown
GROUND has broken at the new €500 million urban village development in Adamstown.
Known as The Crossings, the village will be developed on a phased-basis by Quintain Ireland and is aimed at being a focal point for the Adamstown area which continues to grow.
Tesco will be anchor tenants having signed a lease for a new 40,000sq.ft. store which is set to open it’s doors to the public in January 2023.
A second leading supermarket anchor store is set to open at the same time, with the retail units estimated to serve a shopping population of over 100,000 people from the surrounding communities.
The first phase is already underway, with construction commencing on a 279-unit apartment complex adjacent to a 91,000sq.ft. retail space, which will be completed by mid-2023.
The centrepiece of The Crossing will be a two-acre village green.
This space has been labelled as having the potential to house community events and artisan markets.
“We are investing half a billion euros in the very heart of Adamstown over the next five years,” Eddie Byrne, Joint Managing Partner with Quintain Ireland said.
“With this first phase we will deliver a major boost to local residents where they can shop and socialise just minutes from their front door.
“It will provide Adamstown with a beating heart for social activity, and a focal point for community engagement.
“With this progress, and the wider development of more homes, schools and green open spaces for Adamstown, the area will become one of the most desirable destinations in west Dublin.”
A second phase is already in the planning, with permission granted for 185 apartments and further phases planned for submission in late 2021 and early 2022.
According to developer, Quintain, 3,000 homes have already been delivered in Adamstown and there is another 5,000 new homes coming down the tracks over the next five years.
Quintain and its affiliates have built 1,000 homes in Adamstown, with what they have stated as having an 85 percent occupancy of first time buyers.
Quintain owns 220 acres of land in the Adamstown/Lucan area and it plans to develop 4,000 new homes and 250,000sq.ft. of commercial space in the future.