The scheme is the largest ever outside the capital which is taking place at the Opera site.
Having achieved planning in February 2020, the demolition and enabling works programme at the 1.62 hectare site that will, when fully developed, have the capacity for up to 3,000 employees across a 450,000 sq ft campus accommodation. The programme will take up to six years to complete, with up to 500 people involved in construction at peak on the site and at an estimated cost of €200m.
Among the key elements of the project will be a 14-storey landmark office space building; a five-storey aparthotel with 13 separate apartments and retail on ground and basement levels; a 4-6-storey over-basement building with office space, retail and restaurant/café; a new state-of-the-art library plus significant public realm.
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The site is being developed by Limerick Twenty Thirty DAC (LTT), a special purpose vehicle established by Limerick City and County Council in 2016 to stimulate economic and social development by building out and promoting strategic disused sites in Limerick.
The Opera Site is fully funded following finance from the European Investment Bank, the Council of Europe Development Bank, with specific funding also through the Department of Housing, Local Government and Heritage. The Opera Site will be developed to best practice sustainability standards under the LEED Gold and Nearly Zero Energy Building (NZEB) standards.
The extensive site demolition and enabling works will take up to 12 months to complete as will the demolition of all 20th century buildings and later additions, the adaptive re-use of the Protected Structures and other structures of heritage value. Three major site developments will take place in addition to the extensive enabling and demolition works over the first three years of the programme, including the new city library; aparthotel, retail and apartments and the Revenue Building & Granary developments.
