Demolition work will begin today on the € 200 million development of the Limerick Opera Center.
The project is one of the largest commercial investments in Limerick and one of the largest ever made outside the capital. When completed, the 1.62-acre site will have a capacity for 3,000 employees in 450,000-square-foot campus accommodations. The program will take six years to complete, and the 500 people involved in the construction will have a local summit.
Key elements of the project will include a 14-story office building; a five-story aparthotel, 13 separate apartments and retail on the ground and basement levels; a four- and six-story building with office space, retail, and a restaurant / cafe; new library and significant public sector work. Contractors John Sisk & Son Ltd went to the site yesterday to allow for demolition and construction work.
The site is being developed by the Limerick Twenty Thirty DAC (LTT), a special purpose vehicle established by the City of Limerick and the County Council to stimulate economic and social development by building and promoting unused strategic sites.
LTT has completed an international gardening project on Henry Street. Also included in its portfolio is Troy Studios, Castletroy, fully stocked and rented; Also in the downtown Cleeves Riverside Project in the 10-acre city, which is currently in the master planning phase; and a 60-acre Mungret Park residential area on the grounds of the former Mungret College, where the first phase of 200 units will be planned for planning in 2021.
Extensive demolition and enabling work on the site will take 12 months, as well as the XX. Demolition of all century-old buildings and subsequent reuse of Protected Structures and other heritage structures. In the first three years of the program, including the new city library, in addition to major rehabilitation and demolition work, three major site developments will take place; aparthotel, retail and apartments and Revenue Building and Granary developments.
Michael Collins, the mayor of Limerick City and County, said: “This is a very exciting day for Limerick City and County Council, Limerick Twenty Thirty but especially for the wider Limerick and Mid-West region. This development will be key to Limerick’s trampolines. to help them get out of the economic challenges they face almost everywhere today. “