limerick City Council expects to complete the purchase of The Granary building “in the coming weeks”, director of economic development and planning Tom Enright has reported to elected members.
The council - by having its main library branch in the building - is already a tenant at The Granary but discussions on acquiring the restored Michael Street building are at an advanced stage with Cooneen Ltd.
“In anticipation of the closure of this impending transfer to the local authority, discussions have progressed with a number of interests which would be beneficial to economic conditions in the city centre,” Mr Enright stated, explaining that the council was in talks on leasing parts of the building to Failte Ireland and the company which is planning to reopen Munster’s biggest nightclub, formerly known as the Trinity Rooms.
Savage Management Ltd already operates The Orchard Bar, off the courtyard of The Granary, and is engaged with the planning department on its plans to reopen the nightclub on the lower ground floor.
And it is Failte Ireland’s plan to open a new regional office in the city centre, Mr Enright said.
Councillors have given officials the green light to conclude lease negotiations.
The Granary is a protected structure that was built by Limerick merchant Philip Roche in the late 18th century to store grain for export out of the neighbouring Limerick Docks.
It was later a bonded warehouse for liquor and tobacco and was acquired and redeveloped at a cost of £3 million by Cooneen Ltd in the 1980s.