Re: *updates*
:rolleyes: After a deferred vote was taken last night by CCC, Howard Holdings have been given the go-ahead to develop the 15m euro WebWorks at Albert Quay. The development will comprise of in excess of 45,000sq ft of IT/Business office space which will be then leased to Enterprise Ireland, who will in turn provide the space to fledgling IT and Financial Businesses – with a special preference for locally based industries. The development will also include an underground car-park of 65 spaces. The vote was deferred last week after councillors objected to Howard Holdings being issued a 700 year lease on Albert House which CCC acquired in the early 1990s. The revised deal will see Howard Holdings take possession of the 2,600sq m to the rear of Albert House for 2.25m euros with an annual rent thereafter of 10 euros. Albert House will remain in CCC hands unequivocally, although now, a question mark is being raised over how the mansion will be incorporated into the new facility in the long-term, but it is unlikely much will change – Howard Holdings will lease the ground floor of Albert House for 2 years to develop a restaurant facility on the premises, with it reverting back to CCC ownership term-end. This month (April) is cited as the start date for the project. 300 jobs will be created once the WebWorks is up and running. John Paul Construction will be main contractors.
😮 Fleming Construction have announced today that they plan a joint 100m euro social-affordable housing scheme with CCC on their lands surrounding the former Our Lady’s Hospital, off Shanakiel Hill. Fleming Construction had original sought to develop a 6-storey student development on the site but were refused on both by both CCC and ABP. The new plans will see 405 houses constructed on the site with 80% of the houses falling into the social-affordable category (a mix of 2 and 3-bedroom detached, semi-deatched & townhouses). I knew plans had been afoot here – but did not know that these were the final plans made. Hmmm.
