It stated that during the next sixty days, following the closing of the 4.2-acre site acquisition, it will start the process of planning and designing the construction of a new embassy at that location.

The seller will destroy the old, abandoned hotel structure that is still there as part of the agreement.

US Ambassador to Ireland Claire D. Cronin stated, “As we celebrate 100 years of diplomatic relations between the United States and Ireland, the acquisition of a site for a new U.S. embassy building is a significant milestone.”

“I've made this my top priority. Investing in a new structure symbolises both the exceptional U.S.-Irish link of today and the possibilities that tomorrow holds. We are happy to have outgrown our existing historic home.”

“As we continue to deepen and expand our ties on multiple levels, I hope the new embassy will become a beacon for future generations who will seek to build on the promise of a prosperous U.S.-Irish relationship.”

It was reported last month that the US government intended to spend around $700 million on the new embassy, of which $171 million would go towards the site of the former Jury's hotel.

Developer Sean Dunne purchased the site in 2005 for €260 million from the Jurys Doyle Hotel network, which included the Jurys Ballsbridge Hotel, The Towers, and the Berkeley Court.

For €170 million, Mr. Dunne's lender Ulster Bank sold it to a group that included a developer Joe O'Reilly-controlled business in 2015.

Dublin City Council rezoned the property in May 2021 to allow for the construction of an embassy.

While the new embassy building is being constructed a timeline for completion has not yet been given—the present US Embassy building will remain in operation.

Since 1964, it has stood at the intersection of Eglin Road and Pembroke Road, on the other side of the street.

American architect John M. Johansen created the new embassy after consulting with well-known Irish architect Michael Scott.

Once the embassy is moved, the US State Department's Bureau of Overseas Buildings Operations and the embassy stated they will collaborate closely with regional partners to make sure an appropriate plan is created for the current location.

Property consultancy Savills Ireland mediated the agreement between the US Embassy and the site's owner, Castlethorn.