Former city bank to be repossessed by homeowners

A CGI rendition of the new apartments to be built. Photo: 3D Design Bureau.

IN a trading twist, a former bank building in the heart of Limerick City will soon be in the possession of homeowners under plans given the go ahead by Limerick City and County Council this week.

Layden Property Holdings Limited had applied to the Council to bail out the protected old Bank of Ireland building at the top of O’Connell Street by refurbishing it as a mixed use development, delivering 24 new apartments over the building’s upper floors.

The ground floor would remain as a commercial unit and would also feature a café.

City planners gave the green light for the project which will deliver four studio apartments, seven one-bedroom apartments, 12 two-bed units and one three bed apartment, fronting onto both O’Connell Street and Glentworth Street.

The apartments will be arranged over two separate blocks, the largest of which will be a seven-storey over basement block and will house the four studio units, six one-bedroom and 11 two-bedroom units.

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This block will also house the café and a gym, as well as a communal storage room for residents.

The existing bank building will be transformed into a residential and commercial block, with one single one-bedroom apartment, one two-bedroom apartment, and one three-bed unit being constructed.

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