A planned €200m office development in Cork has the potential to create 1,500 new jobs, it was claimed today.
The proposed development will be located on a vacant site between the Project Management (PM) building and the internal MahonPoint Shopping Centre road.
It will be made up of three separate blocks and will include a restaurant, a leisure centre, showrooms, a financial services unit and large office space.
The City Council said they intend to grant permission for the project to the developer John Cleary.
However, because the proposed development contravenes the zonings in the City Development Plan, the planning application will have to go through the material contravention process and go before the City Council early next month to be voted on by councillors.
If approved the new development will be marketed to multi-national technology companies and would build on the success of the nearby City Gate development where McAfee have recently located their Europe, Middle East & Asia headquarters.
They join other multi-nationals including Big Fish Games and Solarwinds who also have their European headquarters at City Gate.
When the new Sheehan Medical private hospital opens at City Gate this summer, there will be more than 1,000 people working at the complex while this new scheme has the potential to create 1,500 new jobs.
Article courtesy of The Evening Echo newspaper.