Market Leads & Opportunities
Historic Northern Ireland pub to become luxury flats in £2m scheme
A pub is due to be turned into luxury apartments as part of a £2m redevelopment.Lacuna Developments is planning to turn 1 Stewart’s Place and the Old Priory Inn, Holywood, into a new housing scheme.The Holywood-based developer, which bought the site in January, has now submitted plans to develop the listed building on Stewart’s Place as three one-bedroom luxury apartments.The remainder of the site will be redeveloped as 14 two-bedroom apartments.The firm said that efforts have been made to “preserve and reinstate features of the original 1 Stewart’s Place building” which is thought to have been built around 1840 by William Lowry.The site was put on the market for around £400,000 last year.The Old Priory Inn, on the town’s High Street, has been empty for around 10 years.Lacuna is developing a number of projects in Belfast. They include student accommodation on the Dublin Road in a joint venture with Welsh property firm Watkin Jones.
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