Altough it is some way off - having been delayed by the recession - a project planned for Cork's docklands could provide a fillip for job creation and give the belaured construction industry a major boost at the same time.
Planning permission has been sought for a major development in the Cork docklands with the promoter claiming could create up to 5,000 jobs.
Businessman Gerry Wycherley told the Irish Times that the decision to apply for planning permission to develop the 24-acre site at the Marina Commercial Park had been taken in preparation for an improvement in the market over the next five to 10 years.
Obtaining planning permission would mean the project would be ready to start once the market improved.
Mr Wycherley said the 2.5 million sq ft development would include 880 apartments along 350m (1,150ft) of quay front, providing accommodation for 2,230 people.
It would also include some 750,000sq ft of office space, some 200,000sq ft for business and technology use, just under 200,000sq ft for retail and almost 150,000sq ft for commercial use with retail and commercial located off Centre Park Road.
"Obviously, at the moment, the residential market has bombed so we won't start building the residential part of the project until there is a clear demand and we can move units.
"But I'm confident that the market will pick up. The demographics are good in that regard," Mr Wycherley said.
(BMcC)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
20/11/2024
MDE has been awarded the electrical services contract for the Clondalkin School Development Project in Dublin. Working alongside Cunningham Contracts Ltd., the company will serve as the specialist electrical contractor for the construction of new facilities for Gaelscoil na Camóige, Gaelscoil ...
20/11/2024
In celebration of European Week for Waste Reduction, the Northern Ireland Resources Network (NIRN) has launched an environmental education programme to promote zero-waste principles among young people. Three schools from the ABC Borough—St Francis Primary School in Lurgan, St Patrick's Primary ...
20/11/2024
Work has begun at hospital sites across Northern Ireland as part of preparations to eliminate car parking charges by May 2026. Health and Social Care Trusts are installing the necessary infrastructure for a new traffic management system, following the passing of the Hospital Parking Charges Act by ...
20/11/2024
Fine Gael has accused Sinn Féin of abandoning its commitment to protect consumers from rising energy costs, claiming that the party's policies could lead to increased costs for 2.1 million customers. The criticism comes after Sinn Féin's alternative budget last month proposed retaining the ...
20/11/2024
SDLP Agriculture, Environment, and Rural Affairs Spokesperson Patsy McGlone has urged Minister Andrew Muir to take decisive action to protect the environment, rather than launching additional reviews. The comments came after Minister Muir announced a review into environmental governance during an ...
20/11/2024
Alliance Strangford MLAs Kellie Armstrong and Nick Mathison, along with Alliance East Antrim MLA Danny Donnelly, recently visited the tidal research experiment at Queen's University Marine Laboratory (QML) in Strangford. The project, funded by the Centre for Advanced Sustainable Energy (CASE), is ...
19/11/2024
Phoenix Energy has been awarded an international standards accreditation from the British Standards Institution (BSI) in recognition of its inclusive service approach for customers in vulnerable situations. The certification highlights Phoenix Energy's commitment to providing fair, flexible, and ...
19/11/2024
Seating Matters is investing £3.7 million to enhance and improve its manufacturing facilities in Limavady and L'Derry. The company is aiming to support its bold strategy to triple revenue by 2027. Making the announcement while visiting the company's Limavady site Economy Minister Conor Murphy ...
19/11/2024
SDLP Infrastructure Spokesperson Mark H Durkan has urged the Minister and the Executive to take immediate action to address problems within Northern Ireland Water. Mr Durkan warned that the current state of the wastewater system is creating significant delays for infrastructure projects across ...
19/11/2024
Galway City Council will hold a public information evening on affordable housing on Monday, November 25, 2024, from 4pm to 8pm at the Connacht Hotel, Old Dublin Road, Galway. The event will provide an opportunity for the public to learn about how affordable housing operates. Council staff will be ...