Capital Dock, Sir John Rogerson’s Quay, the tallest apartment block in Ireland. Kennedy Wilson plans to include no social housing in the complex, but instead to provide its social housing obligations in Rialto
There will be no social housing in property investment company Kennedy Wilson’s new Capital Dock apartment scheme on Sir John Rogerson’s Quay, and that just 1 per cent of social homes designated for the docklands have been provided because of high costs.
….Under the planning laws, developers must provide 10 per cent of any development of 10 homes or more to local authorities at a discounted price.
Changes made in 2015 mean councils can no longer take cash from the developer instead of social housing, but they can take homes or land at another location.
…The department [of Housing] requires [Dublin City Council] council to stay within average costs of €286,300 for one-bedroom apartments or €372,100 for two-beds within any development. However, it must not pay over a ceiling of €400,800 or €469,500 respectively for any one or two-bed apartment.