Plans for a major \u20ac200m mixed-use development investment at Mahon Point have been cleared by Cork City Council, subject to 52 conditions.<\/p>\n
The project, dubbed \u2018Mahon Point 2.0\u2019 is a significant investment to include 251 apartments, an office block for up to 580 workers, a new civic plaza\/market square for gatherings such as the weekly farmers markets, a multi-storey car park, a discount retailer, and eight to 10 additional \u2018bigger box\u2019 shops \u2014 including a large unit to suit a major retailer.<\/p>\n
The development will add around 13,000sq m\/140,000sq ft additional \u201cdemand-led\u201d retail space, on top of the existing 350,000sq ft gross footprint at Mahon Point, plus the existing 45,000sq ft Omniplex.<\/p>\n
It will include almost 70,000sq ft of offices with 40 parking spaces at Mahon Point (adding to c 500,000sq ft of offices nearby at City Gate and City Gate Plaza, National Software Centre, etc) and 250 apartments (with 84 parking spaces), with a tenure type yet to be decided.<\/p>\n
The centre is separate to Mahon Point Retail Park, which trades nearby. The development is expected to support more than 1,500 permanent jobs, alongside approximately 365 jobs during construction.<\/p>\n
Exciting next step<\/p>\n
Welcoming the granting of planning permission, Justin Young, centre director at Mahon Point, said it was an \u201cexciting next step\u201d.<\/p>\n
\u201cSince first opening its doors in 2005, Mahon Point has firmly established itself as a leading shopping destination for both locals and visitors from across Cork and the wider Munster region,\u201d he said.<\/p>\n
\u201cBeyond retail, it has evolved into a vibrant community hub, a place where people come not just to shop, but to meet, connect, and spend time together,\u201d he said.<\/p>\n
\n \u201cThe planning approval for Mahon Point 2.0 represents a natural and exciting next step in that journey.\n <\/p>\n
\n \u201cWith this evolution, Mahon Point is well positioned to look forward to a bright and sustainable future.\u201d\n <\/p>\n
Director at Savills Ireland, Peter O\u2019Meara, who has been involved in tenanting the centre for 20 years, said it was a \u201chugely positive and demand-led development for Cork, responding directly to the city\u2019s projected population growth of 50\u201360% by 2040\u201d.<\/p>\n
\n \u201cMahon Point 2.0 will deliver much-needed homes alongside vital social infrastructure, creating a balanced and sustainable community.\n <\/p>\n
\u201cIt also represents a significant opportunity to enhance Cork\u2019s economic output by attracting leading Irish and international brands, while strengthening the city\u2019s appeal as a destination for visitors and tourists.\u00a0<\/p>\n
Growing city<\/p>\n
“By prioritising public transport and the 15-minute city model, the development is designed to support how people want to live and move in a growing city, while minimising traffic impact.\u201d<\/p>\n
The city council received an application from Deka Immobilien in July last year for the \u20ac200m mixed-use investment in Mahon Point and subsequently sought assurance on concerns such as traffic impacts in the area.<\/p>\n
Currently, Mahon is relatively car-dependent, with 2,000 parking spaces, the reordering of which will see retail units built on current surface-level parking, as well as a multi-storey replacement that will add just 125 more parking spaces than are currently provided.<\/p>\n
Conditions<\/p>\n
Several of the conditions attached to the provisional planning grant relate to ensuring the safe operation of the road network. Transport Infrastructure Ireland previously warned that it could add to a \u201cdeteriorating traffic situation\u201d in the area.<\/p>\n
Other conditions relate to the preparation of a car-park management plan, landscaping, green roofs on retail units, drainage, disposal of building waste, and noise control.<\/p>\n
Deka acquired the 60-unit shopping centre with cinema and restaurants from Irish developer Owen O\u2019Callaghan in 2005 and now have \u20ac1.5bn in Irish assets.<\/p>\n
When Mahon 2.0 is fully developed, it will have a value close to \u20ac500m in its own right, according to Mr O\u2019Meara.<\/p>\n
He has previously described it as \u201cthe country\u2019s premier centre outside of the M50\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"Plans for a major \u20ac200m mixed-use development investment at Mahon Point have been cleared by Cork City Council,…\n","protected":false},"author":2,"featured_media":407208,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,51416,79,6037,61,60,179125],"class_list":{"0":"post-407207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-cork-construction","10":"tag-cork-news","11":"tag-cork-city-council","12":"tag-ie","13":"tag-ireland","14":"tag-mahon-point"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/407207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=407207"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/407207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/407208"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=407207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=407207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=407207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}