Development to kick-start €1bn long-delayed regeneration of docklands area
A landmark development aims to kick-start the €1bn regeneration of Cork's docklands.
The multi-million euro project, which is proposed for the Port of Cork docklands site, involves a major hotel development as well as related office and leisure facilities.
The Irish Independent understands that briefings on the proposed project have already taken place with senior Cork politicians and business leaders.
It is expected to rank as one of the biggest investment projects in Ireland when it comes to formal planning.
It is operating on the project name Time Square Development and it is hoped the development will kick-start the long-delayed regeneration of the sprawling Cork docklands.
The docklands - hailed as the last great undeveloped urban land bank in Ireland - had been earmarked for a major residential, retail and leisure regeneration a decade ago. That development included four major apartment tower blocks and would have involved a €70m 'swing' bridge over the River Lee at Tivoli to improve northern access to the docklands.
One source indicated it is proposed the development will bring a large Marriott Hotel chain facility to the city.
Two giant city centre office blocks - One Albert Quay and Navigation Square - have also been sanctioned.