An Economic and Spatial Plan for Limerick Appendices

More documents

Recommendations

Info

Limerick 2030 An Economic and Spatial Plan for Limerick floorplate areas). 35 The market shows signs of stability in certain locations, with a “healthy” level of space reserved, and continued vacancies in others (such as in the South West of the City). Relatively strong demand remains for modern space on short term lettings. There were almost no outright purchases and no development activity in this sector since 2009. The lack of modern space has resulted in very few of these types of units being unoccupied. Rental levels are said to be around €25-€30 per sq.m. Conclusion In respect of the property market in Limerick, a number of key conclusions can be drawn; firstly is the lack of development activity in the market. This is due to a number of factors including decreased demand, lack of development finance, perceived inequalities in local authority rate levels and high risk levels. A number of key development sites around the City Centre remain vacant, with some similar sites located on the edge of the City (e.g. at Parkway). It remains an uneconomic prospect to develop in Limerick City at present. Limerick is underperforming in terms of achievable rents, even when compared to the other regional cities, which is reflective of occupier confidence in the local market, particularly in the City Centre. 35 ibid June 2013 66
Limerick 2030 An Economic and Spatial Plan for Limerick 5. City Centre Spatial Analysis The success of any City Centre is determined by a complex interplay of physical, economic and social factors. Our analysis draws upon the wider economic analysis set out in the previous section. The physical appraisal addresses the built environment – buildings, public realm and transport infrastructure. It considers the city fabric from the point of view of what makes an attractive and vibrant City Centre – highlighting the strengths and weaknesses and focussing on the opportunities. Much of the analysis in the City Centre Public Realm Strategy and in the City Centre Strategy (2008) is sound and may be replicated in this document. Complementing a thematic analysis we examine individual character areas of the City Centre to enable a more detailed, local understanding of how different parts of it are functioning. Spatial Analysis Historical Development Limerick exists due to the River Shannon. The City of Limerick is located at the head of the Shannon Estuary at the point where the counties of Limerick and Clare meet. The City was established originally as a Viking Settlement in the 9 th Century, at a strategic crossing point on the River and developed into an important and much fought over military and trading centre. In 1194 the City fell under the control of the Normans and a large castle was built by King John adjacent to the River Shannon on Kings Island. The City almost doubled in size in the 13 th Century and by 1500 the City had developed into two sectors; English Town and Irish Town. English Town was positioned on Kings Island framed by the River Shannon and its tributary, Abbey River, whilst Irish Town was positioned on the South Bank of the Abbey River directly opposite. The sectors were connected by a single bridge giving a distinctive shape which lasted until the middle of the 18 th Century. During the 200 years from 1500 to 1700, Limerick experienced the implications of the dissolution of the monasteries in the 1540’s, the remodelling of King John’s Castle 1611, the destruction and rebuilding of much of fortifications during the civil wars of the 1640’s and later during the Cromwellian Siege of 1651. During this period the City grew in prominence and new public buildings appeared in English Town during the 17 th Century. The buildings included the new exchange on Nicholas Street, built in 1674 and a new custom house on Merchants Quay built in 1683. This period also saw the expansion of the markets in both towns crowned by the building of a new market house in Irish Town in 1673. June 2013 67
Page 3:
CONTENTS Appendix 1: Baseline Analy
Page 6 and 7:
Appendix 1 Baseline Analysis
Page 9 and 10:
Limerick 2030 An Economic and Spati
Page 11 and 12:
Page 13 and 14:
Page 15 and 16: Limerick 2030 An Economic and Spati
Page 65: Limerick 2030 An Economic and Spati
Page 117 and 118:
Page 119 and 120:
Appendix 2 Limerick Marketing Plan
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Limerick 203 An Economic and Spatia
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151:
show all

An Economic and Spatial Plan for Limerick Appendices

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?