An aerial view of the proposed design Source: Hines and Peterson

A PLANNING APPLICATION for the development of the former Central Bank headquarters in Dublin will be submitted to Dublin City Council this week.

Designed by award-winning architect Sam Stephenson in the 1970s, the building was acquired by Hines and Peterson earlier this year, following the Central Bank’s relocation to new premises on North Wall Quay.

The plan for the building and surrounding area would see the creation of a mixed-use scheme known as Central Plaza with shops, restaurants and cafés at street and basement level, as well as the creation of a “two-storey rooftop hospitality destination and viewing area”.

‘Vibrant public space’

Commenting on the planning application, Brian Moran, Senior Managing Director of Hines Ireland, said the plan will “reinvigorate this iconic city centre building located in the heart of our capital”.

“Another key aspect of the proposal is the enhancement of the existing plaza that surrounds the building. Upon completion of the redevelopment works, the area will re-open to the public and, with the removal of the railings installed in 1998, the plaza will become a larger and even more vibrant public space,” Moran added.

The proposal includes the creation of a new 20,000 sq ft rooftop venue with 360° views of the Dublin skyline within the building’s existing roof space. This would provide a viewing area and hospitality space for conferences, events and exhibitions.

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The application is part of an overall plan that includes the adjoining properties 6-8 College Green, 9 College Green, and both the Annex and Commercial buildings on Dame Street.

Central Plaza has the potential to accommodate 1,000 office workers and create more than 300 full and part-time retail and hospitality jobs upon completion, Hines and Peterson said.