The second phase of the programme is one of the most significant property developments ever in Dublin city and will transform the western entrance to it. The half a billion euro development, when completed, will incorporate some 1.5 million square feet of office, residential, cultural and recreational space. Phase one of this development will be completed in a joint venture between the Office of Public Works and Eircom. The residential element of the total project amounts to 650 apartments and the development will make full provision for 20% social and affordable housing. When completed this development will be home to some 1,500 people and workspace to some 5,000 others.