Tower Holdings Group welcomes the decision by An Bord Pleanála to uphold the planning permission granted by Cork City Council for the development of the Prism Building.
Located in the heart of the city, close to Parnell Bus Station, the €20 million Prism development plans to reinvigorate this area of the city, providing office units and creating a modern cityscape for Cork. Support for the development had been widespread, and including strong backing from a number of industry and business organisations, including Cork Chamber and Cork Business Association, as well as the local authorities.
Commenting on the decision by An Bord Pleanála, Tower Holdings Director of Operations (Ireland) Conor Lee said:
“The Prism building will be transformative for Cork’s city centre, and will serve to regenerate this area of the city centre. There is a strong demand for offices and commercial buildings within Cork city centre. In order to continue to attract investment into Cork, to accommodate commercial expansion and to meet the projections of Project Ireland 2040, Cork needs to have a supply of modern, fully equipped buildings where the growing population of Cork can work in a vibrant and dynamic environment.”
“We are delighted that An Bord Pleanála upheld the decision by Cork City Council to grant permission for this important commercial development for Cork. In particular, the size and scale of this commercial development, which accommodates 300 work stations over 60,000 sq ft., is very much in demand in Cork. We, at Tower Holdings, are ambitious for Cork, because we believe that Cork has enormous potential to rival other European cities in providing a world class place for citizens to live and work.”
Developments such as the Prism Building by Tower Holdings Group are considered by many to be essential to drive growth and support the region’s commercial infrastructure. According to the Government’s Project Ireland 2040, Cork is primed to become Ireland’s fastest growing city in the next 25 years and the population will double in the coming decade. The government wants the Cork region to become a ‘counterweight’ to the dominance of Dublin.
With investment of €20 million, it is expected that the Prism Building will create over 100 jobs on site during development and a multiple of this figure over the next 18 months. Irish and international architects, Reddy Architects + Urbanism, designed the Prism Building, which provides 60,000 sq ft of office space over 15 storeys. The architectural details mirror the iconic Flatiron building built in 1902 in New York.