The development will take place on a one and a half acre site bounded by Mill Street, Blackpitts, Warrenmount Lane and Warrenmount Convent and will consist of seven blocks, having a gross floor area of almost 20,000sq m.

The first four buildings, varying in height from six to nine storeys, will contain 132 apartments, over4,500sq m of offices, retail units and a creche.

In addition, Redquartz has got permission to retain the Tenters pub, a craftworks building, and to convert a derelict malthouse into an art gallery.

The upper storeys of the former buildings will be developed as apartments. All other buildings on the site which includes six houses and a derelict building will be demolished.

The developers will also build a new east-west orientated street between Warrenmount Lane and Blackpitts and provide basement car parking for 149 cars with an entrance off Blackpitts as well as bicycle parking spaces.

Paddy Kelly is one of the most high profile developers in Dublin. Kelly's company is part of Fusano Properties, a consortium that is currently putting the finishing touches to Smithfield Market, one of the largest mixed use developments in the capital.

The project involves the building of over one million square feet of apartments, shops and offices with the expected finished capital value of over 500 million.

Kelly also has a 40% stake in the former Independent News & Media building on Middle Abbey Street in Dublin and also has significant property interests in the UK and America.