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NAMA Seeks to Revive U2 Tower Project Shelved in 2008

Ireland’s National Asset Management Agency is seeking to resurrect a plan to build a residential property in Dublin known as the U2 Tower five years after the project was shelved.

NAMA and Kennedy-Wilson Holdings Inc. have drafted proposals for the development of about 5 acres (2 hectares) of land in the city’s docklands district, including the U2 Tower site, according to a filing by Kennedy-Wilson to the city’s municipal authority. The building would have 18 stories, half as many as the original project endorsed by the Irish rock band.