Tonight.
Dublin City Council.
A vote will be cast that could see Bartra Capital as the preferred developer for the O’Devaney Gardens site [near the Phoenix Park] and half of the 824 units being private, with a price range for a three-bed apartment of €360,000-€420,000 and a price range for a two-bed house of €270,000-€315,000.
A council report says the development will not feature any student accommodation, shared accommodation or studio apartments.
Via The Social Democrats:
The SocDems’ five Dublin City Councillors are opposed to Council management’s current plans to privatise the redevelopment of O’Devaney Gardens on the grounds that they will not deliver homes at affordable prices and will do nothing to address the rental crisis in the city.
Cllr Gary Gannon said:
“The proposed sell-off of the O’Devaney Gardens site to Bartra Capital is an incredibly bad deal for the city and for people who are struggling to buy family homes at affordable prices. We reiterate that we will not be complicit in an unaffordable development that further excludes people and families already excluded from the prospect of secure tenure or home ownership in our city.”
More as we get it.
O’Devaney Gardens deal hangs in the balance (Irish Times)
Previously: Not For The Likes Of You
Update:
A decision on the regeneration of O’Devaney Gardens by Bartra Capital has been delayed by Dublin city councillors following warnings from Minister for Housing Eoghan Murphy that he would strip the project of funding if councillors blocked the deal.
….The previous council had approved the agreement by 53 votes to eight, with Sinn Féin, Fine Gael, Fianna Fáil, Labour and the Green Party all supporting the deal. Labour, the Green Party and Sinn Féin had planned to reverse their support on Monday night, with other parties raising concerns about the terms of the deal. Fine Gael remained in support of the agreement.
Councillors delay O’Devaney Gardens plan (Irish Times)
How much for a one bed then?
O’Devaney will become the new weekday des res for the legal eagles because it’s just five minutes walk from the criminal courts.
Stoneybatter 2.0
At those prices Heuston Quarter 2.0 surely?
what am i missing? 270k for brand new, 2-bed house right by phoenix park sounds pretty good!
you missed the figures outlining what you need to get a mortgage for that. literally impossible to get it done on 2 wages at the average industrial rate.
Sale Price 270 K
First Time Buyers 5% Grant
so First time cost price 256500
AIW 39K x2 = 78 K
78K x 3.5 (maximum borrowing = 273 K
So far from impossible on the AIW x 2
Just after getting mortgage of €225k, on a single income of €64k… it’s not that impossible. Approved by two different banks, too…
You’re on the road now Big
Good luck with the house hunt
Can anything be done about the horrific hipsterisation of Stoneybatter? It’s gotten so bad that I can’t even get my cat into a decent yoga class.
Cats are yoga classes in and of themselves.
This is public land and the new houses should be a mixture of public and rental buildings. Every time the council agree a plan the FG government change it in favour of developers.
blushirts must keep the vulture funds happy, it’s all they know..
Well done social democrats- you have just delayed new homes for people who work in the city AND made it more likely that Devanney Gardens will return to being a slum. If anyone doesnt remember what mass “social housing” looks like come for a walk (in day light hours and not alone) around the flats on Dublin 8 around Marrowbone Lane or Oliver Bonds flats- litter everywhere, antisocial behaviour and feral children with no supervision. When we build social housing it wont go to “hard working people” it will go to the kids who grew up in these social flats- the cycle continues.