Kennedy Wilson team completes Capital Dock mixed-use project in Ireland
November 21, 2018 – Real estate investment company Kennedy Wilson and its equity partners have completed Capital Dock, a mixed-use development in Ireland, that is set to transform Dublin’s South Docklands.
Spanning 4.8 acres, the city campus development provides more than 690,000ft² of new mixed-use space, including offices, retail and multifamily units, and more than 1.5 acres of public park space.
Around 1,300 workers have been employed during the construction, and the development is expected to support hundreds of permanent jobs when fully built.
More than 200,000 tonnes of concrete, 15,000 tonnes of steel and 7,500 panes of glass have been used during construction.
JP Morgan, a Fortune 50 bank, and jobs site Indeed have committed to occupy the available office space and are preparing for occupancy in 2019.
The newly completed 22-storey multifamily tower will be the country’s tallest residential building and serves as the gateway to the community.
The 190 multifamily units will be available to rent from January 2019, with five-star resident amenities, on-site concierge, resident lounges, cinema, professional gym, business suites and chef’s kitchen.
The public realm will include a landscaped park and square that will feature designated cultural space along Grand Canal Docks.
The project will also welcome new retailers in 2019, including a restaurant and bar with a terrace, a gourmet grocer and additional artisanal food and beverage offerings.
Kennedy Wilson and an equity partner have taken direct ownership of the site in mid-2013, secured zoning approvals and joined with NAMA in December 2014. They broke ground on the site in November 2015 and the construction began in September 2016.
Kennedy Wilson chairman and CEO William McMorrow said: “We are so proud of what the team has accomplished here in Dublin at Capital Dock with what’s been our largest scale development to date, and to deliver high-quality residences within such a vibrant market.
“When we began conceptualizing Capital Dock years ago, we envisioned creating a new heart for the Docklands that brought people together in modern work spaces and beautiful outdoor areas, while raising the bar for residential rentals.
“To see the area come to life and our vision come to fruition is incredibly satisfying and reinforces the exciting future of the Docklands and the greater Dublin market.”