Demolition work began today with a € 200 million development on the Limerick Opera Site.
This project is the largest commercial property investment in Limerick and one of the largest outside the capital. Upon completion, the 1.62 hectare site will have a capacity for up to 3,000 workers on 450,000 square feet of campus accommodation. The program will take up to six years to complete, with up to 500 people involved in construction at the top of the site.
Among the key elements of the project are a 14-storey office building; a five-story aparthotel with 13 separate and retail apartments on the ground floor and basement; a four- to six-storey building with office space, retail and restaurant / cafe; new libraries and significant public domain works. Contractor John Sisk & Son Ltd moved to the site yesterday to begin demolition and activate work.
This site was developed by the Limerick Twenty Thirty DAC (LTT), a special purpose vehicle set up by the Limerick City and Territory Council to stimulate economic and social development by building and promoting unused strategic sites.
LTT has completed the Gardens International project on Henry Street. Also included in his portfolio is Troy Studios, Castletroy, which is completely finished and left; The 10 hectare Cleeves Riverfront Project also in the city center, is currently in the master planning stage; and the 60 hectare Taman Mungret residential site on the former Mungret College grounds where the first 200 units of the phase will be planned in Q1 2021.
The extensive demolition of the site and work activation will take up to 12 months to complete, as will the demolition of all 20th century buildings and subsequent additions, the reuse of Adaptive Protected Structures and other heritage value structures. Three major site developments will take place in addition to extensive startup and demolition work during the program’s first three years, including a new city library; aparthotel, retail and apartment as well as the construction of the Revenue Building and Granary.
Limerick City and County Mayor Michael Collins said: “This is a very exciting day for Limerick City Council and County, for Limerick Twenty Thirty but, most importantly, for Limerick and the wider Mid-West region. These developments will be important in helping Limerick escape the economic challenges that are being faced almost everywhere now. “