Hines, with investment partner APG, has acquired approximately 7.74 hectares in Drumcondra in North Dublin.
Hines plans to develop a residential led community with additional and supporting uses with up to 1,614 new homes for rent, all professionally managed in-house by Hines. These new apartments will be supported by 3,504 sq m of dedicated residential amenity space and will include spaces such as gyms, entertainment rooms, co-working areas, and lounges. 20% of these new apartments will be social and affordable housing.
Hines is focused on creating places of quality for living and is working with a number of award-winning architecture firms to create a place of architectural richness with high quality green open space.
The Hines proposal also includes 602 sq m of retail space, a 627 sq m creche and over 20% of the Hines site has been retained as accessible public open space with the continued enjoyment of the lands by the neighbouring public at the forefront of the development intent. This open space will be delivered as a continuous green loop around the site, or a ‘necklace' of public open spaces, each with different character areas which have been established across the site overtime and will be fully accessible to the wider community.
