Dublin City Council has approved the €100 million redevelopment of the aging St Stephen's Green Shopping Centre in central Dublin, Ireland.
The approval comes after four years of planning and revisions. Concerns about the initial design's size and impact led to revisions that significantly reduced the building's scale and massing, ensuring a more harmonious fit with the sensitive environment.
Initial plans for the redevelopment were ambitious, with nearly 88,000 m2 of floor space, including over 35,000 m2 dedicated to office use. However, to address concerns, the developers have scaled back slightly and increased the retail and food and beverage areas.
The revised plans emphasize "intensity of development" and improved energy efficiency, aligning with the city's sustainability goals.
Although a local landmark, the existing structure was deemed architecturally unremarkable and not protected, paving the way for its transformation.
Davy Real Estate, which purchased the centre in 2019 for an estimated €175 mln, aims to create a high-quality mix of offices, retail spaces, and cultural offerings, including a cinema and gallery, to revitalize the area and attract higher-end businesses.
Located on Dublin’s central Grafton Street, tenants of the indoor shopping centre include the likes of Boots, Flying Tiger, Holland & Barret, Ikea, Starbucks, TK Maxx, Benetton and Wagamama.
