Lazarus apartments on Leeside: Lancaster Gate's €40m revival with 88 'Build to Rent' units

TWELVE years after the Irish property, construction, and economic crash, work is finally set to start on the very first non-student apartment development of any scale in Cork City in that time period, in an investment put at €40m.

Confidently behind the Lazarus-like 88-apartment project at Lancaster Gate, on the Western Road near UCC, and set for the build-to-rent sector, are O’Callaghan Properties (OCP), who say the economics of developing it out only stand up because of considerable work already done there back over a decade ago, before work was halted (see 2007 archive pic above)