The Land Development Agency (LDA) has announced the planned delivery of 392 apartments in partnership with Quintain Ireland at The Crossings, Adamstown in west Dublin.
The scheme consists of 9 studios, 189 one-bedroom apartments, 185 two-bedroom apartments and 9 three-bedroom apartments across 3 blocks ranging in height from 5 to 9 storeys.
The LDA apartments are under construction and are due to be fully completed by 2026. They will then be rented to eligible households on a cost rental basis by the Agency.
The LDA apartments form part of the third phase of The Crossings at Adamstown. Quintain launched The Crossings, an urban village and retail centre, in September 2023 and the new development serves as the central core of the Adamstown Strategic Development Zone.
A social, community and retail hub, The Crossings will ultimately include 1,000 apartments and a wide range of shops and services. The development also features an urban park spread out over 2-acres with amenities including a 14-metre play train, soft play trails, biodiversity corridors, a large plaza space and outdoor seating.
The new apartments have been secured under the LDA’s Project Tosaigh initiative, whereby the agency steps in to provide the financial commitment needed to kick-start stalled or unviable housing projects. The LDA then makes the new homes available to renters on a cost rental basis or to purchasers at an affordable cost.
In this case, all the homes involved are going to be cost rental. This is a new tenure, which provides a secure, long term rental option at below market rates.
To be eligible for cost rental housing an individual or household must meet a number of criteria. Their net household income must be below €66,000 per annum for applicants for homes in Dublin or €59,000 per annum for those outside Dublin.
This is the first time that the LDA and Quintain have partnered together as part of Project Tosaigh. The development is being financed by AIB and the LDA will purchase the apartments on completion.
The LDA is in the process of delivering 8,000 homes through its Project Tosaigh initiative by 2028. These homes will be in addition to those delivered through the LDA’s direct delivery channel, which involves new developments on state-owned or acquired land. To date, the Agency has already agreed terms for almost 3,000 homes through Project Tosaigh with over half of these already delivered and others under construction.
The 392 cost rental units being built by Quintain in Adamstown form part of a larger 436-unit development with the remaining 44 apartments allocated for social housing.
All of the apartments will be A-rated and built to a high standard. The development is located in the heart of Adamstown near to schools, community amenities and shops including The Crossings Urban Retail Village, which features a Tesco and an Aldi store in addition to a number of other outlets.
John Coleman, Chief Executive of the LDA said: “We are delighted to announce the purchase of 392 homes in Adamstown through our Project Tosaigh initiative. These apartments are being delivered in partnership with Quintain and once completed, will be made available to eligible households at rents that will be significantly below market rates. The LDA is continuing to deliver high quality homes in the right places, and Adamstown is a great location. It has great transport links, a thriving community and excellent amenities. These apartments will provide long-term, secure homes in a well-connected Dublin suburb.”
Michael Hynes, Chief Executive of Quintain said: “We are excited to partner with the LDA on this apartment development, which we are delivering with finance supplied by AIB. We believe this development will add greatly to the new village centre we have created at the heart of Adamstown. At Quintain, we seek to deliver new communities in addition to new homes and this is a vision we share with the LDA. Adamstown is well served by transport links, community facilities and new schools, so we are looking forward to completing the apartments for the LDA and welcoming yet more residents to this rapidly growing area.”
