Ireland: Demolition work has started on the €200 million Project Opera development in Limerick Opera Site.
The project is the single biggest commercial property investment in Limerick and one of the largest in Ireland outside Dublin. Once complete, the 1.62-hectare site will feature offices, houses, an aparthotel, a new city library, cafes and restaurant.
The programme will take up to six years to complete, with up to 500 people involved in construction on the site.
The five-storey 13-key aparthotel will include retail on ground and basement levels.
The site is being developed by Limerick Twenty Thirty DAC (LTT), a special purpose vehicle established by Limerick City and County Council to stimulate economic and social development by building out and promoting strategic disused sites.
Mayor of the City and County of Limerick Michael Collins said: “This is a very exciting day for Limerick City and County Council, for Limerick Twenty Thirty but, most of all, for Limerick and the wider Mid-West region. This development is going to be crucial in helping Limerick springboard out of the economic challenges that pretty much everywhere is facing now.”
