Property development and investment firm Osborne+Co and MRP, the property arm of construction company McAleer and Rushe, are working with Build to Rent operator Moda on the project.It will go before councillors on Tuesday, although further details on how the development would look would need to be agreed through future applications before work gets under way.
It states a “hotel use has been removed, at this stage, based on market testing on this particular use in the current market, and demand for this type of use within the local area”. There are also concerns over potential overshadowing and the lack of amenities for a large number of new residents. “Parking numbers have been set at a low provision due to proximity to the city centre and the potential for stronger links to public transport. The proposal would regenerate this derelict area of ground that has been in this condition for many years,” they added, and they said the residential use ties in with the council’s plan to increase the city centre population.