The Irish Times

The Point Depot and the immediate area around it in the Dublin docklands is to be redeveloped into a €500 million entertainment, leisure, shopping and residential village. The shopping element alone will account for at least 23,225 sq m (250,000 sq ft). A planning application for the mixed use development is to be lodged early in the new year by businessman Harry Crosbie following his assembly of a 10-acre site adjoining the Point and its two-acre grounds. His most recent acquisition involved the Shell filling station which stands on 2.4 acres beside the main entrance to the car-park at The Point. Sites in this pivotal area are generally valued at €12 million an acre. Mr Crosbie, who was not available for comment yesterday, is part owner of The Point along with international concert promoters Apollo Leisure Group. He also has a stake in nearby Spencer Dock and owns The Clarence Hotel along with Bono and The Edge.