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Cork developments

snotboogie

I noticed that the Limerick equivalent is a very popular thread over on their forum so I thought I might get one going here. To kick things off I'll list the bigger current projects I can think of:

Under Construction

Navigation Square: Four building office development on the former Navigation House site on Albert Quay. 310,000 sq ft of office space for up to 3000 employees. First phase to be completed Feb 19'

89-90 South Mall: 50,000 sq ft office, 5 storey office building.To be completed in December 18'

Dalata Hotel South Mall: Six storey hotel, 165 beds. To be completed in December 18'

Various Student Accommodation: Western Road and Beamish site are under construction, Crows Nest has planning and should start soon, Square Deal is facing appeals, Coca-Cola site on the Carrigrohane Road has had planning for over a year but nothing has happened? O’Riordans Joinery, Gillen House on Farranlea Road, Model Farm Road/Melbourne Road and Copely Street are all at various stages of planning and/or limbo.

Planning/Appealed

Horgan's Quay: Office Space for 5,000 employees, 200 apartments, 136 bed hotel and 3000 sq metres of restaurants and retail. Got planning permission in March but it was appealed by Port of Cork. Uncertain when the final decision will be. Construction on the Hotel will hopefully begin in Q4 this year with the office and apartments commencing in 2019.

Sullivan's Quay: 6 storey Office & 193 bed 4 star Hotel. Planning granted and immediately appealed. Given that demolition is nearly complete I'd expect this to go into construction as soon as planning is granted. Potential hold up over the height of the hotel, at 12 storeys and 47 metres, it is set to make the top 20 tallest buildings in the state if completed. An Taisce not happy.

Former Victoria Hotel: Knocking much of the Victoria and rebuilding to the back and refurbishing the original historic front/facade and to integrate the two sections into a new high order retail unit, of 25,000 sq ft, over four floors. Rumoured to be taken over by Zara. Planning granted in Feb, nothing happened on site since.

Metropole Redevelopment: €50m redevelopment of the Metropole Hotel to include a new five-storey boutique hotel on Patrick's Quay. Planning granted with amendments in March. No date for work to start.

Wilton Shopping Centre: €100 million revamp proposed. Mistake made in planning permission. In the process of resubmitting.

In Limbo

Event Centre: 6000 all seater multi purpose event centre with a tourist brewery experience. Arguably the most controversial construction project in the history of the city. After a bleak 6 months at the back end of 2017 there have been two instances of positive murmurs from the Government and BAM in January 2018 and April 2018. Construction allegedly to start in Q4 2018 but there are still conflicting and contradictory statements from all parties involved. Most would be shocked to see this start in 2018.

Anderson Quay/Camden Quay/Trinity Quarter: All have had planning for years with no work on site. Camden Quay allegedly had some work going on last week but I'd be shocked if it was related to the actual construction. I can't see any of these sites being developed as per their current proposals.

Concept/Pre Planning

Docklands Tower: 40 storey mixed use tower with the redevelopment of the existing customs house warehouses into cultural, tourist and retail space. By a mile the most ambitious development in Ireland. Announced over one year ago and no sign of a planning permission application yet, allegedly waiting for the Docklands development plan this summer to rezone heights for the site. If we don't see a planning application by the end of the year I'd be worried.

Ford Distribution Depot: Put on sale last week. Former site of the extremely ambitious Atlantic Quarter. Major development opportunity

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mire

vinnie_cork wrote: »

Look at rent of a decent one room bed apartment in city, not suburbia....., €1200 pm, if a co share was €700pm many will opt for that. Tenements or Ghettos are not being proposed. The old bedsits are going because rented standards have improved and many unsuitable conversions of old houses into 6 flats are now being converted back into houses thus causing a lack of cheaper rental units.

The Math to why 1 bed apartments are not being built.....

(Build cost for apt is circa €2350per m2 right now) say a small 65m2 apt is €152,750, add on site cost of say €100,000 per apt if in city center, add on development contributions and levies by local authorities, that's up to €275,000 for a 1 bed apartment, for a landlord to buy and rent that out to generate a yield of say 7% before maintenance and taxes (income and LPT) and management companies often €1400 a year, add mortgage interest repayment, and wear and tear on kitchen, bathroom, carpets, so that's a rent of €1,604 pm to cover it. And don't forget if they sell the unit they are liable for capital gains taxes, thats why I am suggesting a 7% yield.

This is why rents are high. I'm not a landlord nor have any desire to become one, but people give out about greedy landlords and wonder why many are selling out. Do the math, thats the reason.

Where did you get your site costs? Seems high.

the beer revolu

Also take into account that not everyone wants to live alone.

Of all the places I've lived. I can only think of one (bedsit) that wasn't a shared apartment or house share.

If I was younger and single, I could well find the idea of co-living attractive if the price and situation was right.

vinnie_cork

Deleted User wrote: »

Oh so a ghetto, right got ya.

Or we could build one bedroom apartment blocks to cover these needs and not try to sell them to young couples as long term homes.

Look at rent of a decent one room bed apartment in city, not suburbia....., €1200 pm, if a co share was €700pm many will opt for that. Tenements or Ghettos are not being proposed. The old bedsits are going because rented standards have improved and many unsuitable conversions of old houses into 6 flats are now being converted back into houses thus causing a lack of cheaper rental units.

The Math to why 1 bed apartments are not being built.....

(Build cost for apt is circa €2350per m2 right now) say a small 65m2 apt is €152,750, add on site cost of say €100,000 per apt if in city center, add on development contributions and levies by local authorities, that's up to €275,000 for a 1 bed apartment, for a landlord to buy and rent that out to generate a yield of say 7% before maintenance and taxes (income and LPT) and management companies often €1400 a year, add mortgage interest repayment, and wear and tear on kitchen, bathroom, carpets, so that's a rent of €1,604 pm to cover it. And don't forget if they sell the unit they are liable for capital gains taxes, thats why I am suggesting a 7% yield.

This is why rents are high. I'm not a landlord nor have any desire to become one, but people give out about greedy landlords and wonder why many are selling out. Do the math, thats the reason.

[Deleted User]

vinnie_cork wrote: »

Lots of non nationals living here in Cork would love that type of living, a chance to live in the city and mix with others, co living is not aimed at the family looking for 3 bedrooms and room for a trampoline out the garden, its for people whom may only be here for work in a new city on their own and no car. They have little interest in living in suburbia in a 3 bed house share.

Oh so a ghetto, right got ya.

Or we could build one bedroom apartment blocks to cover these needs and not try to sell them to young couples as long term homes.

vinnie_cork

Deleted User wrote: »

There is only demand for that because there is nothing else.
It is barely a step above a bedsit

Lots of non nationals living here in Cork would love that type of living, a chance to live in the city and mix with others, co living is not aimed at the family looking for 3 bedrooms and room for a trampoline out the garden, its for people whom may only be here for work in a new city on their own and no car. They have little interest in living in suburbia in a 3 bed house share.

[Deleted User]

the beer revolu wrote: »

Why?
If there is no demand, people won't rent them.
If there is, people will.

We need a multifaceted approach to housing. There is no one solution.

There is only demand for that because there is nothing else.
It is barely a step above a bedsit

snotboogie

Apogee wrote: »

Article on Atkins 5.5 acres farm machinery site on Carrigrohane Rd under negotiation.

https://www.irishexaminer.com/breakingnews/property/135-year-old-seed-and-farm-machinery-company-atkins-set-for-bountiful-property-harvest-948350.html

Any news at all on the other two sites close by, Coca Cola and the Crows Nest? both were due to have started by now.

[Deleted User]

the beer revolu wrote: »

Never liked that sculpture.

*awaits backlash for having the wrong opinion*

I really like that sculpture but if someone told me that it would need to go, to allow for a better road layout there, damn well I would support it being removed.

There is nothing wrong with liking something, or having another opinion, but getting bent out of shape because your opinion is challenged and playing all passive? Come on, we're meant to be above that

TheChizler

opus wrote: »

See the prism development is going to kick off in the near future.

It'll be interesting to see how they tackle it. Not much room on that site for pile-driving equipment or a crane! They'll have to take over part of Deane St. for construction surely.

opus

the beer revolu wrote: »

Never liked that sculpture.

*awaits backlash for having the wrong opinion*

I actually like both of them, probably the sculpture more than the sign if you pushed me to choose

See the prism development is going to kick off in the near future.

THE “unique” design of the Prism building could be replicated on small sites across the city and country, its developers have said, as they revealed they plan to be on-site in the coming weeks.

Construction on the 140 metre, 15-storey tower is slated to begin by the end of the year with tenders being issued in the coming weeks.

Prism development could be replicated in other city locations

the beer revolu

Deleted User wrote: »

I've always liked that

Never liked that sculpture.

*awaits backlash for having the wrong opinion*

TheChizler

Deleted User wrote: »

Fvck Co-living spaces, outside student apartments. Fvck it right into illegal status

It suits some people, why not allow people to create a product for that market? I am of course not saying to make it the norm or force it on anyone.

the beer revolu

Deleted User wrote: »

Fvck Co-living spaces, outside student apartments. Fvck it right into illegal status

Why?
If there is no demand, people won't rent them.
If there is, people will.

We need a multifaceted approach to housing. There is no one solution.

[Deleted User]

Fvck Co-living spaces, outside student apartments. Fvck it right into illegal status

Apogee

Article on Atkins 5.5 acres farm machinery site on Carrigrohane Rd under negotiation.

Irish Examiner wrote:

Now many moves are afoot for the private, family-owned farm machinery business Atkins, including the proposed sale of the company’s highly valuable 5.5 acres on Carrigrohane Road. That Leeside site is in active negotiation, for residential/apartment development, possibly aimed at student apartments, or co-living spaces.

https://www.irishexaminer.com/breakingnews/property/135-year-old-seed-and-farm-machinery-company-atkins-set-for-bountiful-property-harvest-948350.html

[Deleted User]

Markcheese wrote: »

So will it have 1 foot in black rock and the other in tívoli..

Train station and docklands?

Markcheese

[Deleted User] wrote: »

Get it done!!

So will it have 1 foot in black rock and the other in tívoli..

[Deleted User]

Junkyard Tom wrote: »

A giant statue of Michael Collins straddling the Lee where the sign used to be would be cool. Like Cork's version of The Colossus of Rhodes.

Get it done!!

Apogee

snotboogie wrote: »

https://www.echolive.ie/corknews/Cork-is-a-blank-canvas-for-tall-buildings-say-developers-of-New-York-skyscrapers-0db8d425-a175-4130-bf24-51b980e1bcd7-ds

These developments really are bizarre, I suppose it's good that they are still courting media attention but bad there is no mention of a start date for the Prism.

Irish Examiner wrote:

The developers of the Prism Building in Cork say they expect to be on-site at the development before the end of the year.

Conor Lee, director of operations with Tower Holdings in Ireland, confirmed that the company is set to go to tender for the project within the next few weeks and is optimistic that construction could commence before the end of 2019.

https://www.irishexaminer.com/breakingnews/ireland/prism-skyscraper-developers-hope-to-begin-construction-this-year-948291.html

Junkyard Tom

A giant statue of Michael Collins straddling the Lee where the sign used to be would be cool. Like Cork's version of The Colossus of Rhodes.

[Deleted User]

munstermagic11 wrote: »

There's one, but it's a bit small, and not an ideal location.

I've always liked that

j8wk2feszrnpao

chalkitdown1 wrote: »

How about a new sign, one that doesn't look like shít?

I'd be all for that or some cool looking monument to greet people coming into the city.

There's one, but it's a bit small, and not an ideal location.

marno21

Some updates from Cork today:

https://www.irishexaminer.com/breakingnews/ireland/construction-industry-slam-depressing-delivery-of-munsters-major-roads-projects-948294.html

Dunkettle Interchange was tendered today; should start in 10/12 months time.
M20 2027 completion date is a "serious challenge", costs expected to go beyond €850/900m
M28 judgement expected in October, if TII/CCC win they expect to start around late 2023/early 2024.
N22 tenders being assessed with award shortly

chalkitdown1

How about a new sign, one that doesn't look like shít?

I'd be all for that or some cool looking monument to greet people coming into the city.

[Deleted User]

Nigel Fairservice wrote: »

I like the idea of a sign but not that sign.

Agreed

Nigel Fairservice

I like the idea of a sign but not that sign.

[Deleted User]

No, because some people see it as a grounds to hamper a real development. It's small, tacky, and new.

the beer revolu

Some amount of fuss because a few people like a sign that some other people don't!

Rhys Essien

Has it occurred to Oliver Moran of the Green Party that the sign will be obstructing the view from the glass fronted Micro Brewery. I have no problem either way with it but it can easily be relocated down between the Shandon boat club and the old ESB station.

kuro2k

vinnie_cork wrote: »

What year was it put there? 1960? Historic or 1800s historic :rolleyes:.... Its no Hollywood sign....

Original sign went up for the Cutty Sark tail ship visit to Cork in 1991, piece of junk