The firm was appointed by Wicklow County Council to acquire a development partner for the 2.4-acre main street site. Previously known as the 'Florentine Centre', it has been the subject of a number of retail-led development proposals since 1996.
Wicklow County Council, who recently purchased the site, has sought the approval of An Bord Pleanála for a scaled down retail development providing opportunities for anchor stores, retail units, restaurants, offices, cinema and associated car parking.
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The plans also incorporate the development of a new urban street and a central plaza with pedestrian access from Quinsborough Road. A decision on the planning application is due from An Bord Pleanála before end of the year.
The gross development value (GDV) of the scheme is estimated at between €30m and €35m, and Wicklow County Council aim to have a development partner and contractor in place by March 2017, with a view to completion by Q4 2018.
Larry Brennan of Savills commented: "The development of the Florentine Centre will transform the retail and evening economy of Bray, where the main street in particular has been poorly provided for due to a lack of restaurants, larger retail units and leisure offerings. The recovering retail economy is now supporting real occupier demand, which can offer favourable returns to the appropriate development partner."
(CD/JP)
