corkdood
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Interesting comments on the Elysian on that forum. Its going to be a tall order to sell. Can’t see it working as a hotel either.
I hope in 4 years times (or less) when the next general election comes aroundthat the people of Cork remember what FF and their government partners have done to the city. Micheal Martin and Noel O’Flynn and their fellow Cork TDs have been strangely silent over the debt. They must be rubbing their hands with glee now that the CAA have given in and accepted the debt.
Cork airport will remain a backwater in airport terms for the forseeable future.
i imagine that many of the low cost operators will be driven out by the inevitable rise in airport charges. in any case the eastern european flights will become much quieter in the months ahead as many of those who were employed in the building boom return home.Agreed and remember that 5 per cent represents just the fall in asking prices. Closing prices are much lower again which explains the paralysis in the residential market for the last 18 months. Sellers can’t accept that they will have to reduce their expectations to cut a deal.
If the Elysian launches and they can’t shift many units there will be large amounts of egg on faces and the bank managers will be breathing down their necks. Interesting times ahead!
Maybe the city council will step in and buy the whole building for social/affordable housing
The countdown clock on the Elysian web site has been reset. (it was due to launch in about ten days) As of today it says 39 days to go. Must have hit a snag or two……….
Posted this on the developments in Cork thread too but maybe its more appropriate here.
Just spotted this on peoplesrepublicofcork – no source though
“32 new buses are being added to the fleet to service Cork City & Suburbs, and 6 of them will be double decker!”
If its true its good news. Perhaps some of them will be used on the new Ballincollig – Cork City town service due to begin in 2009. Good to see the double deckers coming back too – badly needed on busy routes like the number 5 and 8.
Front Page Story on Cork Evening Echo this evening about a forthcoming planning application for a reorientated rail and bus station at Kent Station site. Artists impression also. I haven’t seen the print edition so do not have the full article. If anyone has a copy can they scan page 2 and put it up please.
Front page can be viewed in pdf format at http://www.eecho.ieAs I understand the current work on the straight road is partly destined towards developing a new green route. A section of it near Inchigaggan has been widened for cycle and bus traffic. I presume that the aim is to reroute the Ballincollig bus service. (currently it travels along the model farm road which is already well served by the number 5 route) There was also talk of a green route in Ballincollig town centre removing the on street parking and putting traffic lights at each junction. Traffic lights are also destined for the straight road junction with the road near the anglers rest. There was a lot of opposition in Ballincollig towards these changes but I think the council will be going ahead with them.
From what I’ve read the apartment prices at the Elysian won’t be any cheaper than that Angry Rebel.
i truly believe that by the end of the year/early 2008 buy to let investors will be trying to offload their investments on the market left right and centre. So yes in my view there could be thousands of apartments on the market.by the time Eglinton street goes for sale.In my view the sales of the apartments in the Elysan (Eglinton Street) building will be an interesting barometer for the future prospects for residential development in the docklands. With the recent slowdown in the residential property market appearing to pick up pace it seems to me that in 6 months time no one will want to buy an apartment in the city as there will be thousands on the market. Compounding the problem will be the forthcoming changes in stamp duty legislation which will encourage first time buyers to buy their home for life as opposed to a starter home. Fact is most Irish people do not view apartments as homes for life.
I feel that the elysian will prove to be an expensive mistake that won’t sell at a price that will generate profits for its backers.
Having said that it is a landmark building in a great location for anyone working in town. Time will tell I suppose but I wonder are the developers saying rosaries for the health of the housing market given their large investment.
When is work starting on Acadamy Street? Also what is the status of plans to develop the former Capital Cineplex and adjoining sites which were assembled? There are so many empty units in Cork City Centre at present and not much happening with them. Are Dunnes stores going ahead with their revamp of their Patrick Street premises?
With todays visit of the Minister for Justice to the army base in Kilworth it seems likely that a new prison will be built there within the next few years. Will this free up the land currently occupied by Cork Prison on Rathmore Road in the city?
I also see from the report below (admitedly a few years old) that the department of defence want to dispose of most of the nearby Camp Field
http://www.defence.ie/WebSite.nsf/Speech+ID/DAF57790D683087480256CDA003F2493?OpenDocumentThis will free up a lot of land in an area very near the city centre which would be ripe for development.
Any thoughts
Also on the buses isn’t it time to extend the city bus fares to places such as Ballincollig. For example you can travel to Curraheen or Model Farm Road on City Bus routes (number 8 and 5) for 1.30 (single) but City Centre to Ballincollig fares are 2.60.
Doesn’t make sense when Ballincollig is arguably closer to the city (and faster to get to if the bus takes the Straight Road route)
I’m sure there are other examples – this is just one that I am familiar with.
Wouldn’t it be cheaper for CIE to issue CPO’s for the houses in Myrtle Hill Terrace, Bellevue and Woodside Villas rather than building the bridge?
I can’t speak for the whole country but I know the former ESB shops in Cork City and Ballincollig are still vacant and BOS have moved into a new new in the main street in Ballincollig.
Not too sure A-Ha. I heard almost a year ago that BOS had done a deal to buy the ESB retail shops around the country but obviously that didn’t go ahead.
I read over the weekend that Michael O’Flynn of O’Flynn Construction has been asked by the Bishop of Cork to come up with proposals for the future use of Farranferris school and grounds. According to the article i read any development work will not be carried out by O’Flynn Construction.
I wonder what will become of the place. There was talk at one time of a third level campus for the northside of the city but I wonder if thats really needed these days with falling class sizes etc.
I suppose apartments are a likely outcome.Anyone know what has become of Lexington? Has he been posting his news updates on another forum as he did during his last absence from Archiseek?
@kite wrote:
The 200+ affordable houses under construction behind Our Lady’s hospital are to be complemented by some social housing units built by CCC with the entrance along the Blarney Road across from the Harbour View Road junction. Traffic lights are planned at this junction to ease traffic.
I think this may be the development you mentioned in your post.Thank you for that. I had thought that it was going to be a private development. Didn’t Coleman Brothers get permission for some housing in the area?
