From top: architect, Sam Stephenson, outside the Central Bank in 1989; The proposed Central Plaza development
The development would see the creation of a glass-roof, two-storey 20,000 sq ft rooftop hospitality destination and viewing area that would offer a 360-degree view of the city.
The mixed-use scheme, known as ‘Central Plaza’, would also include retail, restaurants and café uses at both street and basement level.
It is understood the cost of the redevelopment would be at least €70m.
The proposal also envisages an expansion of the existing plaza and the creation of a new streetscape towards College Green and along Fownes St and Cope St.
Ironically, the work will bring the building closer to what its designer, architect Sam Stephenson, originally intended.
He was forced to redraw his plans for the structure when it emerged that they exceeded the height laid down in the original permission granted for the building in the 1970s.