default logo

U.S. Embassy to move to former Jurys Hotel site in Ballsbridge

The US Embassy plans to move from its current Dublin address across the road to one of the Republic’s best-known real estate, the former Jurys Hotel in Ballsbridge.

U.S. diplomats have sought a new seat for the embassy for nearly nine years, as its work extends beyond the building at its current site in Ballsbridge, in the south of the capital.

After a lengthy search, it is understood that the US government has agreed to purchase what is now the Ballsbridge Hotel from developer Joe O’Reilly’s Chartered Land, if Dublin City Council agrees to rezone the site for office purposes. .

Real estate agent Savills negotiates the deal. Experts say the site could be worth more than 150 million euros.

If successful, Chartered Land will drop proposals for apartments, shops and a new hotel on the site, while the US government will proceed with plans for a new building, which will not be as tall as the planned structure. by Mr. O’Reilly’s company.

The existing US Embassy in Dublin 4

Sources say the new building will be designed to meet high standards of sustainability while being “very friendly” to the local community and its surroundings.

Sold in 2005

Local and national attention has frequently been focused on the hotel’s plans since its former owner Jurys Doyle sold it and the adjoining Berkeley Court to developer Sean Dunne for a record € 240million in 2005 .

Chartered Land declined to comment. However, he is expected to ask Dublin City Council in the near future to change the zoning of the site for office purposes from its current designation, allowing the construction of residential and commercial buildings.

If councilors vote to approve this, the U.S. Embassy will submit plans for the site shortly thereafter. The rezoning, planning and construction could take three years, according to some estimates.

The embassy, ​​currently headed by Deputy Head of Mission Alexandra McKnight, is located where Elgin Road meets Ballsbridge, just opposite the site where she now hopes to settle.

Chartered Land bought the hotels from Mr Dunne’s lender, Ulster Bank, in 2015 for 170 million euros.

The Berkeley Court Hotel will not be part of any likely deal with the US government, as Chartered Land is already building apartments on this part of the property.

Mr Dunne was one of the biggest players in a debt-financed housing bubble that burst in 2008, triggering a sustained recession that left the state insolvent after it bailed out its banks. He then fought a lengthy bankruptcy case in the United States, which was resolved in 2019.

Business Today

Get the latest business news and commentaryREGISTER HERE