Re: *UPDATES*

Home Forums Ireland Look at de state of Cork, like! Re: *UPDATES*

#732756
lexington
Participant

πŸ™‚ A plan has been launched to develop a new medical facility on the site of the former Bowen Construction HQ on the Lee Road. The 7m euro project will provide for 17 consultant suites and associated works. An application has be lodged with Cork County Council this week – construction is hoped to begin in mid-Jan 2005.

πŸ™ Clinton Cards who had been paying prime Zone A rents on their 1,850sq ft premises on Patrick’s Street, Cork have Closed Down their store. The UK Cards Company had been paying 4273 euros per sq m! (or 508,000 euro p.a.)

– The company cited intense competition from Hallmark, Thoughts, Porters and the many other card companies operating within the immediate area. In light of this competition plus rents (which were being reassessed and rounded up for 2005) – the company issued a statement saying competition in the city centre made for unviable sustainability for such a business. It said that it intends to forge ahead with its Mahon Point store due for a Feb 2005 launch – as this premises should allow for sole market access at this location. Clinton Cards, who are also experiencing financial turbulence at home in the UK, said that though the market was ripe in Cork for such services as they provide, it was a market that was dominated by established entities on Patrick’s Street and a market they could not successfully penetrate.

Sad news, but already, another major international store operator has been cited for the Clinton premises. Monsoon (right next store) are also rumoured to be trying to expand their highly successful store – this may provide the perfect opportunity.

πŸ™‚ JD Hotels are due to receive a decision on their plans for 77/78 Grand Parade tomorrow (Tues 19th Oct). The company plans to demolished 78 Grand Parade (retaining the facade of 77), 1,2,3,4,5,6 & 7 Tobin Street, and redeveloped the site in the form of a 4-storey restaurant and late-night bar with ancillary offices. The design is by Wilson Architecture.

Latest News