Point Village Shopping Centre

LeeroyJ.

Asked Eddy Rockets on Facebook:

Hi Leeroy, thanks for your message. We would hope to open our new Eddie Rockets diner in August or September. If you check back with us in a few weeks we might have more definite dates. Thanks for getting in touch and hope to see you soon!

geecee

Anyone know what's happening with the new road between North Wall Quay and Sherriff st?

First it was meant to open in April, then May, and now... ?

I notice that they have erected a brand new security fence along it in the last few days, and that fence looks semi permanent.

Are they waiting for the student accommodation to finish before opening it?

Seems ridiculous that they haven't opened it given the practical closure of Castleforbes road for Waterworks!

gizmo81

Eddie Rockets is nearly fully fitted out.

Ruby's is just starting.

Kevin Sharkey has an exhibition in a unit between Voxpro and Yahoo.

Fred_Johnson

gizmo81 wrote: »

Eddie Rockets is nearly fully fitted out.

Ruby's is just starting.

Kevin Sharkey has an exhibition in a unit between Voxpro and Yahoo.

It says "opening in October" on the hoardings outside Rubys. Maybe that's optimistic i'm not sure.

Eddies should open within the next few weeks.

Also planning permission requested for a cafe (Costa coffee i think) at the corner retail unit of Castleforbes, facing onto Point square and luas stop.

As for the new road, not sure what's going on. It's been finished for well over a month now. New markings and signage are finished as well. They must be waiting for something.

gizmo81

Fred_Johnson wrote: »

It says "opening in October" on the hoardings outside Rubys. Maybe that's optimistic i'm not sure.

Eddies should open within the next few weeks.

Also planning permission requested for a cafe (Costa coffee i think) at the corner retail unit of Castleforbes, facing onto Point square and luas stop.

As for the new road, not sure what's going on. It's been finished for well over a month now. New markings and signage are finished as well. They must be waiting for something.

I hear it's a full Eddie Rockets and not the reheated ****e from the other one.

Also, I think it was mentioned earlier in the thread they won't open the new road until all the building work in the immediate area is done or it'd be destroyed.

subpar

Insomnia Coffee have applied for planning permission for the ground floor corner unit on Castleforbes Sq facing onto the Point Sq.


The opening of this unit plus pressure to allow direct access to the other businesses such as Madden Properties and Loly and Cooks could lead to the opening up of the new road --- North Wall Avenue

LeeroyJ.

Looks liken it's almost ready to go

gizmo81

LeeroyJ. wrote: »

Looks liken it's almost ready to go

Jaysus they must of worked through the night.

Fred_Johnson

gizmo81 wrote: »

Also, I think it was mentioned earlier in the thread they won't open the new road until all the building work in the immediate area is done or it'd be destroyed.

If that's the case they will likely be waiting until about 2022 before the student development, TedCastles site, and City Block 9 are finished.

gizmo81

Fred_Johnson wrote: »

If that's the case they will likely be waiting until about 2022 before the student development, TedCastles site, and City Block 9 are finished.

True, I just remember someone mentioning it earlier in the thread.

Perhaps they just want the one beside the Gibson finished till it opens.

Fred_Johnson

LeeroyJ. wrote: »

Looks liken it's almost ready to go

Fantastic. September 2018 will be the real game changer for the area when 900 students move into the area. Expect to see Eddies, Rubys, Starbucks and the cinema packed every night of the week.

Anyone heard anything about Exo? I understood they were supposed to start construction in July but nothing yet.

JTMan

subpar wrote: »

The opening of this unit plus pressure to allow direct access to the other businesses such as Madden Properties and Loly and Cooks could lead to the opening up of the new road --- North Wall Avenue

Are Lolly and Cooks opening a cafe down there?

L1011

JTMan wrote: »

Are Lolly and Cooks opening a cafe down there?

They have sold products from a hatch in the side of the kitchens in the Liffey Trust for a few years now.

beauf

I thought they had to stop that. I haven't seen them do that in quite a while.

.G.

Fred_Johnson wrote:

Anyone heard anything about Exo? I understood they were supposed to start construction in July but nothing yet.

October.

LeeroyJ.

beauf wrote: »

I thought they had to stop that. I haven't seen them do that in quite a while.

Yea they stopped, weren't allowed to anymore. Stopped for a couple of months now.

LeeroyJ.

Eddie rockets opens monday, just asked the staff

dylanbyrne2017

HI guys i seen today freshii is opening a store up at point village before Christmas

beauf

Where did you see that..?

subpar

From todays Irish Times

gizmo81

Eddie Rockets is having teething problems.

No cutlery, no drinks, tables filthy yet only 20 customers and around 10 floor staff.

A good few walked out, and everyone seemed to be complaining about something.

LeeroyJ.

https://www.google.ie/amp/s/www.irishtimes.com/business/agribusiness-and-food/freshii-to-open-6-new-irish-stores-by-end-of-2017-1.3211870%3fmode=amp

Here is the article.
More food. I won't complain about more life in there but a supermarket or retail are needed to draw more people there.

dylanbyrne2017

They need non food stores too

subpar

Another New Hotel for the North Wall----- from the Irish Indo

Dublin's northside area stretching from O'Connell Street to the Point Village has become the centre of hotel and hospitality development and investment activity in the capital.
This week, Targeted Investment Opportunities (TIO) became the latest developer to announce plans for a hotel, which will be located at 91-94 North Wall Quay near the Point Village and 3Arena.
Close by, the four-star Gibson Hotel was brought to the market two weeks ago. Savills are guiding €87m and as an investment property this reflects a keen net initial yield of 5.12pc.

Meanwhile, next to Busaras, the Jacobs Inn hostel is now believed to be sale agreed. CBRE had been seeking offers in excess of €13.5m for the hostel at Talbot Place. With 428 bed spaces, it is one of the largest tourist hostels, if not the largest, in Ireland.
That this area should become the centre of Dublin's hospitality industry is not altogether surprising as during most of the 20th century and perhaps stretching back further, the area along Gardiner Street and Talbot Street was occupied by numerous guest houses catering for passengers disembarking from ferries. What is new is the driver of demand: what was once termed white-collar workers commuting to the International Financial Services Centre (IFSC) and the Convention Centre Dublin (CCD) conference centre at Spencer Dock on North Wall Quay.

But the focus on Dublin 1 for hotels also appears to be influenced by the preference of other developers to build offices rather than hotels on the south docks, where consequently development land prices appear to be too high for hotel development. This trend also appears to be reflected in the way that southside hotel development appears to be migrating to Dublin 8, rather than Dublin 2 and 4.
So it was interesting to see that TIO's latest plans will lead to a reduction in the scale of the office development that it had previously planned for the site. Its new hotel and office project is due for completion in the spring of 2019.

A joint venture between Oaktree Capital, Bennett Construction and Nama, TIO already had planning for more than 38,000 sq m (409,000 sq ft) of offices on the site but its latest plans will see the office element reduced to 25,397 sq m (273,371 sq ft) while the hotel takes 12,356 sq m (133,000 sq ft).
The project will also mark the firm's first office venture north of the Liffey, as it has focussed most of its office development on south docklands. To date, TIO and Oaktree's northside development activity has mainly focussed on student accommodation projects, which it has sold on to Hines.

Meanwhile, last week Johnny Ronan's Spencer Place Development Company received planning permission for a mixed-use development that includes a 212-bedroom hotel. This is an increase of 43 bedrooms on the previous planning permission that receiver David Hughes had sought as part of a development which included an extension of the former red-brick British Rail hotel on the site.
This project will also include 46,184 sq m (497,120 sq ft) of offices and 873 sq m (9,396 sq ft) of retail/cafe/restaurant floor space around a fully enclosed street, which Mr Ronan says will be "particularly suited to the inclement Irish weather and provide a fantastic space for diners irrespective of what the weather is like".

He took his inspiration for this design feature from the successful Devonshire Square development in London.
Other hotel developments in the pipeline for north docklands include a 58-bedroom hotel at 81-82 North Wall Quay. Oakmount, a company owned by Paddy McKillen Jr and Matt Ryan, started work on the hotel two months ago and it is expected to open in summer 2019.

Already the north docks has as many as 664 bedrooms in three four-star hotels: Jurys on Custom House Quay; The Spencer on North Wall Quay; and The Gibson at the Point Village.
In contrast, south docks have seen just two relatively recent hotel developments with a combined 491 bedrooms at Tetrarch's Marker Hotel and Dalata's Maldron.

Tetrarch is also planning another hotel on the northside at a site just off O'Connell Street and behind Clery's department store and facing the new Marlborough Street stop on the Luas Green Line extension. It will be located at Sackville Place and will provide 107 bedrooms.
Almost next door at Earl Place, Natrium and OCS Properties, led by developer Deirdre Foley, have received the green light for a 176-bedroom hotel as part of the redevelopment of Clery's department store and adjoining warehouse buildings.

Yet another project last month saw property developer and solicitor Noel Smyth submit plans to City Council for a new nine-storey, 365-bedroom hotel on Middle Abbey Street, just to the west of O'Connell Street. His company Fitzwilliam Real Estate Properties intends to also demolish some buildings on Liffey Street to make way for the mixed development.

Just a few hundred yards farther up on O'Connell Street, the 198-bedroom Holiday Inn was the first new hotel to open in Dublin after the property crash.
It will be interesting to see if the British retail investor Hammerson will also include a new hotel on the site of the former Royal Dublin Hotel on the western side of O'Connell Street, which is part of the Carlton site that it acquired as part of Project Jewel.

The City Council will be hoping that all these new hospitality bedrooms and offices will breathe fresh life into O'Connell Street and the streets surrounding it. They may also help lift standards in restaurants. However, from the plans it appears that a number of the dockland developers intend to cater for much of the restaurant demand as close as possible to the offices in both north and south docklands.

Meanwhile, the strength of retail, hotel and restaurant demand in the area is also likely to be boosted by thousands of students moving into new purpose-built student accommodation in the surrounding area. The DIT's centralisation of its operations at its new Grangegorman campus and the commencement of Luas cross city services by the end of this year should also prove to be a fillip for the area.
Indo Business

LeeroyJ.

It's always good news to see work being done down at the Point but nevertheless It's a bummer to see no new Apartments being built. Castleforbes and the surrounding residential areas are about to get very expensive.

subpar

LeeroyJ. wrote: »

It's always good news to see work being done down at the Point but nevertheless It's a bummer to see no new Apartments being built. Castleforbes and the surrounding residential areas are about to get very expensive.

Price recovery only

LeeroyJ.

subpar wrote: »

[/B]


Price recovery only

The Rents there have long recovered

Fred_Johnson

LeeroyJ. wrote: »

It's always good news to see work being done down at the Point but nevertheless It's a bummer to see no new Apartments being built. Castleforbes and the surrounding residential areas are about to get very expensive.

There's 420 apartments coming in City Block 9. 200 apartments coming at Spencer Dock. 270 Apartments coming in Dublin landings. And 360 apartments coming at a site behind the Central Bank. So that's 1200 apartments to be build within the next 3 years or so. Still nowhere near enough, probably need 10 times that at a minimum to stabilize rents.

subpar

Dunnes fail in latest legal challenge . They are now fast running out of options and given the upturn in the area it would be no surprise to see them finally agree to open up a store in the Point Square during 2018. They certainly are not going to write off 15 Million.

Report below is from todays Irish Times





Department store chain Dunnes Stores has failed in its latest bid to get the Point Village shopping centre to hand over leases agreed by other tenants in the development.
Dunnes is defending a legal claim that it should pay €15 million to Point Village Development Ltd, now controlled by Nama-appointed receivers, in line with an agreement between the department store group, the shopping centre company and its developer, Harry Crosbie.
The High Court has refused Dunnes Stores’ application to see leases signed by other tenants with the Point Village. The recently published judgment, by Mr Justice Michael Twomey, states that it was not necessary to the case to allow the retailer to inspect the leases.
The case was the second unsuccessful attempt by Dunnes to see leases signed by the shopping centre’s tenants. The Court of Appeal turned down an earlier bid last year.
Dunnes was meant to be the centre’s main tenant. In 2010, the retailer agreed with Point Village Development Ltd that it would pay the shopping centre developer €15 million once the company had signed leases for seven other units in the centre.
Inspect the leases
The retail chain originally argued that this gave it the right to inspect the leases, but the Court of Appeal found against it and said that confirmation from the shopping centre’s lawyers was all that was needed.
However, that judgment suggested that Dunnes could get the right to see the leases if there were “fraud or manifest error”.
The retail chain went back to the High Court and argued that there was a manifest error in the certificate from the receivers’ lawyers, solicitors McCann Fitzgerald, confirming that the other leases had been signed, and it thus had the right to see them.
However, Mr Justice Twomey ruled that this was not the case, and said that there was no reason to differ from the Court of Appeal’s judgment.

dylanbyrne2017

Freshii is opening beside Starbucks seen the sign yesterday