Priests seek developer for city land project
The religious order, in the city since the 1850s, is to seek a development partner for its hugely valuable ‘greenfield’ lands at South Circular Road at Mount St Alphonsus, Rector Fr Seamus Enright has confirmed.
It is likely to be developed for new housing, but may also have some mixed commercial uses.
The Redemptorists own around 10 acres, with almost six acres of city land by the Dock Road and the South Circular Road to be developed.
The existing 480-pupil St Clement’s boys secondary school is on the balance of the land, with a site set aside for a new school to replace the old 1930 boarding school.
While the Redemptorist Order is freeing up the land for building, they will retain the existing church and seek to build a monastery to replace the existing 150-year-old structure, home to 25 members.
“Like many other communities, we must plan for our future, and central to our deliberations has been a desire that we can remain and continue to serve the people of Limerick into the future,” said Fr Enright.
“We are determined to meet the needs of our own community and our obligations to the people of Limerick in the best possible way,” he said of the decision to put the land up for development, but also to remain as a presence in the city.
The land is likely to see a high-density residential scheme, which puts its likely market value in the region of €10 million, though a cash offer will only form part of an agreement with any developer.
The city planners favour residential development on a good portion of the land.
However, the Redemptorists stressed they are not walking away from the site and will want to be involved in its development on a partnership basis.
Estate agents Lisney have been charged with finding a development partner for the site, and said they could not put a sale price on the land because of the partnership nature of development being sought.
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