Here's how a €50m investment could change one of Dublin's ugliest buildings

Plans have been submitted to give Phibsborough Shopping Centre a new look...

Here's how a €50m investment could change one of Dublin's ugliest buildings

Guillaume Galdrat / Flickr

Plans have been tabled for a major €50m redevelopment of Phibsborough Shopping Centre in North Dublin.

The harsh gravelled building is set to survive, but it is getting a serious facelift.

 

Development plans from MM Capital have been submitted to Dublin City Council - they would take two years to complete.

If it's approved the revamp would have three times more retail space and accommodation for 340 students will be built on the site.

 

This site runs onto Dalymount Park, which is set for its own €20m redevelopment.

MM Capital's plans include a civic plaza which will facilitate a potential new entranceway to the redeveloped grounds.

 

The existing office building will be upgraded and refurbished as part of the development works.

Commenting on today’s announcement, Peter Leonard, Managing Director, MM Capital said, "The development plans for Phibsborough Shopping Centre will create a vibrant public space and civic plaza for the local community and represent a unique opportunity to regenerate this centrally located site, contributing to the regeneration of the wider Phibsborough area.

"We have worked closely and listened to the needs of the local community, and believe we have a high-quality design and a totally committed team to deliver our vision for Phibsborough."

MM Capital acquired the site with the support of AIB Real Estate Finance.