Hines and Peterson Launch Central Plaza – An Iconic New Dublin City Centre Mixed-Use Development

(DUBLIN) - Hines and Peterson today launched the marketing campaign for Central Plaza and unveiled the marketing suite which features a specially commissioned scale model of its visionary Dublin city centre development at No. 9, College Green.

The suite will showcase the overall masterplan for the iconic Tower building and the four adjoining properties of 6-8 and No. 9 College Green, as well as the Annex and Commercial buildings. 

Designed by award-winning architect Sam Stephenson in the 1970s, the 12-story building was acquired by Hines and Peterson earlier this year, following the Central Bank’s relocation to a new premise on North Wall Quay.

Central Plaza will see the creation of a mixed-use scheme that will incorporate new office space for up to 1,000 people with retail, restaurants and café uses at street and basement level, employing more than 300 full- and part-time retail and hospitality jobs.

A two-story rooftop hospitality and viewing area will have spectacular 360o views of many Dublin landmarks, including Dublin Castle, Christ Church Cathedral and the Dublin Mountains – which will position the venue as one of the city’s most popular attractions.

The proposal also includes an expansion of the building’s public realm at street level with the creation of a two-tier dining and entertainment plaza, boasting several food and beverage outlets ranging in size from 400 to 6,650 square feet and two flagship retail opportunities with a floor space of 850 square feet and 10,000 square feet respectively. An additional 9,150-square-foot retail and leisure offering will be located in the sub-plaza. 

The new plaza and sub-plaza will result in the creation of a dynamic new streetscape towards College Green, along Fownes Street and Cope Street, creating a pivotal new stepping stone between the key retail, leisure and tourist destinations of Grafton Street, College Green and Temple Bar.

Located in the heart of the city centre, office workers will have ease of access to public transport, with the Dart, LUAS Cross City and all major bus links within easy walking distance. The scheme will also provide for 90 bicycle spaces together with shower and locker facilities.

The iconic One Central Plaza office component, which is on track for completion in Q4 2018, will consist of 9,914 square feet of flexible office floor plates that can easily be sub-divided floor by floor or in part if required. The Grade A office accommodation, spread over seven office floors, will be LEED Gold standard, WiredScore Platinum, BER A3, and LED lit, ensuring high energy efficiency with low annual running costs. 

Hines has engaged Knight Frank as leasing agents for the office accommodation and BNP Paribas as leasing agents of the retail and hospitality offering. Both are actively seeking tenants interested in the opportunity to become part one of the highest quality commercial developments to launch in the Irish market this year. 

Jim O’Reilly from Knight Frank commented, “Opportunities of this nature are seldom available to lease in central Dublin. Hines is delivering a full Grade A specification throughout ensuring a highly efficient and flexible working environment. This is further enhanced by the quality of amenity spaces within the building, including showers, changing facilities, drying rooms, bicycle and car parking. For tenants seeking to attract and retain staff, One Central Plaza ticks all the boxes.”

Mervyn Ellis of BNP Paribas Real Estate, who is handling the retail, food and beverage leasing opportunities, is already reporting very strong interest in the development from a host of both national and international occupiers.

Ellis commented, “Central Plaza is exceptionally well positioned in terms of location and timing to benefit from the improving domestic economy and the improving tourism market both of which are having positive impact on retail sales. The scheme is offering unrivaled opportunities for retailers and restaurateurs in Dublin City Centre, something that is not readily available in the city at present.”

Brian Moran, senior managing director of Hines Ireland, stated, “Central Plaza is the creation of an exceptional mixed-use scheme that is set to become a landmark destination for shopping, culture and entertainment in the capital. With a premier retail plaza at ground level and a two-story rooftop hospitality and viewing area, Central Plaza will become a major attraction that will wow and delight Dublin’s cosmopolitan inhabitants. 

Hines and Peterson are proud of the tremendous work that is going into restoring and reimagining this iconic city centre building. We expect significant interest in the development from companies, retailers and hospitality providers who want to be part of this renaissance in the heart of Dublin.”

Central Plaza CGI imagery and video is available to download via this link: https://we.tl/YR5UxV4W77.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 21 countries. Hines has approximately $100 billion of assets under management, including $54.5 billion for which Hines provides fiduciary investment management services, and $45.5 billion for which Hines provides third-party property-level services. The firm has 113 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,262 properties, totaling over 414 million square feet. The firm’s current property and asset management portfolio includes 529 properties, representing over 213 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.