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It's safe to say many of us were devastated last year when Clerys was shut down.

 

Clerys was the centre of shopping for many years in Dublin when a company called Natrium came in and closed its doors, making 460 people unemployed.

 

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And now, the Irish Times has revealed the fate of the department store building.

 

According to the newspaper, the new development will keep its original architecture but will include high-end retail units, a boutique hotel, office spaces and entertainment and leisure facilities.

 

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In a statement, the company said: “Natrium’s vision is also to re-establish O’Connell Street and its surrounding environs as a place of importance in the social and cultural life of citizens and visitors, where building will be a source of civic pride. 

 

"Commerce created by the development will generate €329.1 million annually to the Irish economy."

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