Yea it looks like it is, found a couple of references to it after a Google, but I don't think I've ever seen a sign at the entrance when passing

https://www.galway.ie/en/libraries-archives/find-my-library/ballybane-library

https://www.independent.ie/news/luxury-schemes-cause-buyer-buzz/25895929.html

https://connachttribune.ie/ballybane-building-will-house-130-asylum-seekers/

https://world-habitat.org/awards/winners/ballybane-neighbourhood/

https://tribalproperty.ie/properties/ballybane-neighbourhood-village/