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Brian Lawless
Priory Hall, pictured in 2013.
# bust to boom
An estate agent has been appointed to sell Priory Hall 2.0 (don't all queue at once)
Buy-to-let owners at the complex are “very hopeful for a name change”.
ESTATE AGENTS HOOKE & McDonald have been appointed to market the soon-to-be relaunched Priory Hall apartments in north Dublin.
Dublin City Council agreed to take over the abandoned Donaghmede complex after a deal was reached with residents in October 2013.
The residents had been ordered to leave two years previously by the council, after fire officers declared the complex dangerous and a fire-trap.
Under a deal brokered by the Taoiseach’s department and the Department of the Environment, it was agreed that former residents would have their debt written off.
As part of that agreement, ownership of owner-occupier homes was transferred to DCC – as were the mortgage obligations. Owners of buy-to-let properties were given a moratorium on their mortgage payments – and promised a complete refurbishment of their apartments.
Once the owner-occupier units are redeveloped, the Council will sell them to recoup part of the €27 million revamp costs. As part of the plan, the external walls are being torn down and rebuilt. Work to remove pyrite is also taking place.
The Council confirmed this week that one major phase of the project will be complete in November of this year – with the remainder to follow by October of 2016. It also confirmed the appointment of the Baggot Street-headquartered Hooke & McDonald as agents for the relaunch.
Speaking last year, Richie Flood, who represents the buy-to-let owners, said the group was ”very hopeful for a name change” as part of the redevelopment.
TheJournal.ie has contacted Hooke & McDonald for more detail.
Read: I don’t think Priory Hall is a shoddy building — Tom McFeely >
More: Priory Hall resident writes to Taoiseach after partner takes his own life >
