The Irish Times

The Grafton Street area of Dublin is to get a much needed boost with the decision to proceed with a large retail complex on the site of the former Eircom Building at 35-45 South King Street. The €100 million five-storey over basement development is being aimed at a handful of the top international fashion multiples. Grafton Street has come in for increasing criticism because of its many tatty chain stores and the fact that there is such a heavy concentration of fashion outlets. In recent months the street has seen an unusually high number of traders moving out because of a doubling of rents.