Talks between the management company at Longboat Quay and the Dublin Docklands Development Authority (DDDA) over funding for fire safety works have failed to reach agreement.
The management company which represents residents described the talks as "disappointing".
Dublin Fire Brigade last month issued a fire safety notice ordering that work, estimated to cost €3.88m, be completed at the 299 apartments. Failure to comply with the fire notice could result in evacuation.
It had been understood that the residents of the apartment complex would be presented with a final offer from the DDDA of funding for the fire safety works yesterday.
An improved offer was made by the DDDA which was in excess of €3.5m, according to a source.
It would have seen all the residents in affordable apartments having all their costs paid for, and the bill for other residents would have been "substantially reduced" compared to what had previously been proposed, the source said.
However, the deal fell short of the total costs of the required works, and no agreement was reached between the sides at talks.
The Longboat Quay Management Company released a statement saying that they are focused on getting a comprehensive solution to "the distressing situation which we find ourselves in".
"We took the decision to adjourn legal proceedings against the DDDA and Dublin City Council so that all sides could engage to find such a solution," it said.
It said that regrettably, yesterday's talks proved disappointing. "No meaningful advancement was made, and no comprehensive solution was possible."
They said that they remain open to engagement at all times.
However, they said that they will go to the Commercial Court on Monday to ask the court to accept this case in the commercial list.
A spokesman for the DDDA said that there would be "no comment".
Nina Buckley, one of the residents of Longboat Quay, said that it is worrying that there is no clarity on what will happen next.