A fund operated by the stockbroker and wealth manager Davy is preparing to submit a planning application for the redevelopment, The Times reports. Davy had been expected to redevelop the centre after paying a reported €175 million for it on behalf of clients in 2019.
An artists impression of the proposed development shows a complete transformation for the shopping centre's exterior. Its dome roof, arched windows and flower baskets would be replaced with what I think we can all agree is one of the most generic looking office fronts imaginable.
According to The Times, it is thought that the owner wants to create a better connection between the centre and the adjoining streets of King Street, St Stephen’s Green West and Grafton Street. The article also reports that some of the existing retail units will be retained, as well as part of the building’s structure.
The building was acquired by Davy Real Estate in 2019.
According to Milligan Ltd, who have been appointed to carry out a business plan of the redevelopment, much of the details of the plan remain confidential pending submission of the application. READ NEXT: New Dundrum bar PYE opens on Friday complete with a doggy vending machine