If you thought Johnny Ronan had difficulty receiving planning permission for his 12-storey, Salesforce building, how will this 112-floor skyscraper be received?
With the announcement of the €3bn MetroLink which will be operational in 2027, rent is expected to soar in areas along the proposed route.
Renters are currently paying up to 12% extra to live close to DART and Luas stops in Dublin.
The latest report from Daft.ie has found that the average renter living close to Dublin’s light rail network is paying more than €3,000 a year more than the city’s average rent.
Commuters living along the Dublin coastline are paying the highest premium to live close to the DART.
Daft spokesperson Martin Clancy said it is all about supply and demand.
“Having that access to a DART or a Luas station is something that commuters and the general public put a premium on because it facilitates their lifestyle, it allows them to get in and out of work,” he said.
“Commuters living on the coastline – those on DART stations near Sandymount – they are paying the most, coming in at nearly €3,000 a month for the average property there.”
To build its “light Rail Rental Map,” Daft analysed prices for three-bed semi and two-bedroom apartments within 1km of each light rail stop in the Greater Dublin Area between April 2018 and March 2019.
With the announcement of the €3bn MetroLink which will be operational in 2027, rent along the proposed route is expected follow similar trends as areas near the Dart and Luas line.
The 26km MetroLink, will run underground in the city centre, and a public consultation on the preferred route is now underway. The metro service will run from Estuary north of Swords to Sandyford on the southside, serving Dublin Airport and the city centre.
First announced during the peak of the Celtic Tiger, plans are now underway for an expanded metro service in Dublin. The National Transport Authority (NTA) and Transport Infrastructure Ireland (TII) say the system will be capable of carrying 15,000 passengers per hour in each direction.
The €3bn MetroLink will be operational in 2027, with planning permission expected to be sought in the first quarter of 2020. The 26km line, will run underground in the city centre, and a public consultation on the preferred route is ongoing.
National Transport Authority CEO, Anne Graham said: “There are very significant benefits associated with MetroLink, particularly in terms of the integrated transport system that it will bring about for Dublin. For example, thanks to MetroLink, there will finally be a rail link to Dublin Airport, and with easy interchange with other modes including bus, Dart and commuter rail, MetroLink will make it easier than ever to move into and around the capital.”
“There will be 25 stations in total, 15 of them brand new, so it will also make sustainable transport a viable option for more and more people in areas like Swords and Ballymun. We have modelled future passenger numbers and we predict that capacity for 15,000 passengers per direction per hour during the busiest peak times will be required along this corridor. We don’t believe that a bus system or a standard Luas line would be able to accommodate that number of passengers and that is why MetroLink makes so much sense. MetroLink will have the capacity for 30 trains per hour in each direction, so there is no doubt that it will greatly enhance the public transport offering in Dublin. In addition, we envisage the creation of about 4,000 jobs during construction, which is very significant for the economy in the region.” continued Graham,
Transport Infrastructure Ireland CEO Michael Nolan added, “What we are publishing here is the ‘Emerging Preferred Route’ (EPR), rather than the final route. Having examined in detail the various alignments and options, the EPR is the one that we feel is the best fit for the project. But we remain open to looking at other proposals, and if people or communities feel there are better ways of doing it, we will of course be happy to consider any alternatives put forward.”
2018 – Consultation on Emerging Preferred Route.
2019 – Application for a Railway Order.
2020 – Granting of Railway Order
2021 – Construction commences
2027 – MetroLink becomes operable
Projects along the proposed route
Along the MetroLink route was a proposed residential development located at Cross Guns Quay, Phibsborough Dublin 7.
The scheme designed by John Flemming Architects was submitted for planning permission in 2008 and has not been pursued since.
The site, located close to Dalymount Park, has been dormant for over 15 years. With the announcement of the new MetroLink EPR, this may spike interests to pursue a similar scheme on this site.
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