Cork developments

Patrick 1959

I definitely think The Prism will continue, as for Hotels the breaks will most likely be put on them. Can’t see Tourists starting back anytime soon.

CHealy

Patrick 1959 wrote: »

I definitely think The Prism will continue, as for Hotels the breaks will most likely be put on them. Can’t see Tourists starting back anytime soon.

We work with alot of hotels in my line of work and they are all expecting a huge surge in "staycations" once we are half back to normal. Hopefully Cork is ahead of the game and ready to advertise as a perfect weekend spot to other counties.

Curb Your Enthusiasm

wakka12 wrote: »

That is such a nice building. It looks like old warehouses you'd see in Boston and Philly and the North east US

Huge potential there alright.

Justin Credible Darts

wakka12 wrote: »

That is such a nice building. It looks like old warehouses you'd see in Boston and Philly and the North east US

A proper building, but its the scabby sextant people want to protect.....go figure

igCorcaigh

Progress of sorts. Hope this will be extended to other streets.

https://twitter.com/EoinBearla/status/1257736099146981381?s=19

Curb Your Enthusiasm

A positive step in the right direction, but I hope that's only the start of improvements.

Streets like Paul St should have been pedestrianised years ago. Pembroke St is only going to be part time like OPS.

More ambition needed.

South Mall and quayside cycle lanes would be great too.

Compared to what other cities all over the world are doing, this is miniscule really.

Only a draft publication so remains to be seen what other improvements are introduced. Hopefully many more to come.

Markcheese

Justin Credible Darts wrote: »

A proper building, but its the scabby sextant people want to protect.....go figure

The odlums building is already listed ....

the beer revolu

Justin Credible Darts wrote: »

A proper building, but its the scabby sextant people want to protect.....go figure

You actually think that people who want to maintain the Sextant building don't give a fiddlers about the Odlum's building?

Really stupid comment.

Justin Credible Darts

the beer revolu wrote: »

You actually think that people who want to maintain the Sextant building don't give a fiddlers about the Odlum's building?

Really stupid comment.

I did not know it was a listed building, still does not change the fact the sextant is dour dull manky building

murphypaj

Could be spin but outlook good

Owner occupiers dominate first quarter of Cork industrial activity

Donal Buckley

May 07 2020 02:30 AM

Tight supply of industrial and logistics properties in Cork may lead to a reduction in yields from 6.25pc to 6pc this year, according to the latest forecasts from Cushman & Wakefield. Meanwhile, at the end of March, office rents and yields held last year's levels at €355 per square metre and 5.25pc respectively.

However, managing director in Cork Peter O'Flynn says the forecasts may be revised in the current quarter. Furthermore, rival agency CBRE says Cork's prime high street rents and yields are tending weaker and estimated Zone A at €1,935 per sq m at the end of April and yields for these properties at 7pc.

Mr O'Flynn says Cork's industrial market recorded a strong start to 2020 with 21,150 sq m of industrial space taken in 13 deals, "making it the strongest opening quarter on record". In contrast to historical trends, owner occupiers dominated the first quarter with 73pc of activity.

Consequently, availability had fallen to 65,400 sq m at the end of March - its lowest level in over a decade - and the vacancy rate dropped to 5pc.

"The longer term trend remains positive with upward momentum on rents and capital values in due course. Investor interest remains positive for good quality product, but opportunities remain few and far between due to lack of new product," Mr O'Flynn said.

He puts rents at €90 per sq m, while CBRE says they are €91.50 for prime industrials.

In the city centre, 38 500 sq m of offices were under construction across the Penrose Dock, Horgan's Quay and Counting House developments in March and are due for completion this year.

While Covid-19 has dampened expectations somewhat for offices, his colleague Sean Haley said: "There has been little evidence of transactions that are in the pipeline being cancelled which is positive."

One of the county's most active developers, JCD Group, has let 4,645 sq m of offices to Qualcomm and 835 sq m to Sophos at Penrose Dock bringing the scheme to over 65pc occupancy.

Brian Edwards of CBRE reports three investment transactions with a total spend of €25.3m between them in the first quarter. They include Corum's purchase of an Aldi store in Carrigtwohill for €5.6m equating to a net initial yield of 7.34pc.

Irish Independent

marno21

Tenders out for the Carrigrohane Road student accommodation

https://www.echolive.ie/corknews/Massive-623-bed-student-block-on-Corks-former-Coca-Cola-plant-takes-a-step-forward-2c5e81fd-9ccf-42c8-bb56-6aaf1bb5d945-ds

Now going for 2022 opening

opus

Looks like the apartment development on Kyle St has got the go-ahead.

https://twitter.com/KarlDiskin/status/1258709367383302144

marno21

http://www.pleanala.ie/casenum/306166.htm

Glenveagh have been cleared to lodge planning for the Ford Distribution Centre/Marina Quarter development. The SHD consultation has been deemed reasonable for application.

hans aus dtschl

marno21 wrote: »

http://www.pleanala.ie/casenum/306166.htm

Glenveagh have been cleared to lodge planning for the Ford Distribution Centre/Marina Quarter development. The SHD consultation has been deemed reasonable for application.

Any vague master plans for this knocking around?

marno21

None that I've seen in the public domain.

Also nothing on the lack of a new South Docks LAP which seems to have fallen down the back of the sofa, or any realistic timelines for road infrastructure (incl. cyclist and pedestrian measures), the light rail corridor, BusConnects or anything else which is reasonably important for a scheme of 1,100 apartments in the middle of a derelict industrial estate.

We badly need a masterplan for the Docklands area as well rather than ad hoc development

snotboogie

marno21 wrote: »

None that I've seen in the public domain.

Also nothing on the lack of a new South Docks LAP which seems to have fallen down the back of the sofa, or any realistic timelines for road infrastructure (incl. cyclist and pedestrian measures), the light rail corridor, BusConnects or anything else which is reasonably important for a scheme of 1,100 apartments in the middle of a derelict industrial estate.

We badly need a masterplan for the Docklands area as well rather than ad hoc development

The only good news is that we seem to have jumped Galway in the Busconnects queue. The tenders for the design teams for BC Cork and the Luas were at least something.

I think it's extremely unlikely for any major developments to start over the next 12 months. I don't see big infrastructure spend either at least until the government see an end date for social distancing.

Apogee

https://www.broadsheet.ie/2020/05/13/thursdays-papers-32/

snotboogie

Developers seem to still be bullish on the recovery from Covid....
Hotel and retail seems like madness. Great news obviously but you'd wonder how far off it could be?

Apogee

More details:

Irish Examiner wrote:

BMOR’s plans for the North Main Street Shopping Centre site, which stretch back toward the Bridewell, Cornmarket Street and quays, are as yet unconfirmed. But, they are understood to include the possibility of a hotel and reconfigured retail units, and may include a bid to acquire control of the multi-storey car park also, for hotel parking and other users. It currently has 324 spaces charged by the hour over four levels, with private and season parking on floor five. A Cork spokesperson for BMOR commented regarding inquiries on the Shoping Centre plans that “BMOR have also acquired another larger property close to this site, the details of which will be announced in due course".

https://www.irishexaminer.com/breakingnews/property/new-life-promised-for-corks-north-main-street-as-25m-project-is-first-of-several-planned-999343.html

https://www.echolive.ie/corknews/North-Main-Street-set-for-major-regeneration-as-developer-unveils-25m-plan--c6e197d8-4843-4730-ad1f-0800e480595e-ds

whisky_galore

Justin Credible Darts wrote: »

I did not know it was a listed building, still does not change the fact the sextant is dour dull manky building

Such rubbish.
Fine pub and nice building.

whisky_galore

whisky_galore wrote: »

Such rubbish.
Fine pub and nice building.

Meh, on both counts and any positives to the pub are modern

Apogee

Irish Examiner wrote:

The developer behind plans to build student apartments overlooking the Lough in Cork city has applied to An Bord Pleanála to further increase the size of the development. Lyonshall has purchased additional land adjacent to the site it had earmarked for the development and is now seeking permission to increase the complex from 419 student beds to 554. The new development, if approved, will include 77 apartments in total, as well as space for a retail unit or cafe on the ground floor. Some 72 of the apartments will be 4+ beds. It represents the third increase in size for the proposal. In Aug 2018, Lyonshall were given permission by Cork City Council to build 49 apartments with a total of 350 beds. In Jan 2019, An Bord Pleanála approved an increase to 57 apartments and 419 beds.

https://www.irishexaminer.com/breakingnews/ireland/application-to-increase-size-of-lough-student-apartments-999530.html

TheChizler

Is incremental permission a common strategy or are they genuine appropriate revisions?

namloc1980

.

Cork Chamber rowing into the debate now on active and sustainable travel. I doubt Terry Shannon will call them a bunch of whingers. It's clear that the Council executive and certain councillors are the main barriers to transformation of the city for the better.

Curb Your Enthusiasm

I'm just wondering why City Hall seem to be ignoring the continuous calls from Cork Chamber to put in cycle lanes, extended footpaths etc?

namloc1980

Curb Your Enthusiasm wrote: »

I'm just wondering why City Hall seem to be ignoring the continuous calls from Cork Chamber to put in cycle lanes, extended footpaths etc?

Terry Shannon's comments during the week give an insight into the mentality in City Hall. There's also a vocal cohort of local traders who believe that facilitating the car above all else is absolutely necessary. This despite international best practice and studies that show deprioritising car access and increasing facilities for sustainable and active transport has significant benefits for business.

I read that York in the UK is planning to ban cars altogether from its city centre by 2023 and expand sustainable and active transport. Similar to Cork it has narrow medieval streets. Terry and the lads need to get on to them to let them know they're doing it all wrong.

Curb Your Enthusiasm

Curb Your Enthusiasm wrote: »

I'm just wondering why City Hall seem to be ignoring the continuous calls from Cork Chamber to put in cycle lanes, extended footpaths etc?

Honestly they are stuck between a rock and a hard place. Remove parking is an easy one but removing driving lanes will cause massive backlash from people forced to use the city as a go through (North/South)


Until Dublin completes the Dunkettle interchange and a NRR any traffic restrictions will result in spill over into residential areas.


I'd love to know what volume of traffic in Cork City is not actually using the city

the beer revolu

namloc1980 wrote: »

I read that York in the UK is planning to ban cars altogether from its city centre by 2023 and expand sustainable and active transport. Similar to Cork it has narrow medieval streets. Terry and the lads need to get on to them to let them know they're doing it all wrong.

Ah but York probably doesn't have hills or rain!
We all know that Cork is different to every other city in the world and just because it works there, means it cannot work in Cork.
Cork is really special!

AwaitYourReply

the beer revolu wrote: »

Ah but York probably doesn't have hills or rain!
We all know that Cork is different to every other city in the world and just because it works there, means it cannot work in Cork.
Cork is really special!

Maybe they should look at transport requirements of a city like San Francisco, CA which is famous for it's steep hills.

The past in Cork City could also unveil some interesting clues and lessons too if adapted.

rebs23

AwaitYourReply wrote: »

Maybe they should look at transport requirements of a city like San Francisco, CA which is famous for it's steep hills.

The past in Cork City could also unveil some interesting clues and lessons too if adapted.

Like trams?:)