Re-imagined €100m Capitol Cinema development ‘a turning point for Cork city’

The sale and €75m- €100m redevelopment of Cork City’s prime Capitol Cinema site for a food-related innovation centre, retail and office block represents "a turning point for the city" and will lead to renewal of a whole section of Cork, it has been claimed.

John Cleary Developments (JCD) has bought the central city site of 0.64 of an acre, to include the Capitol Cinema, which went dark a decade ago, the Central Shoe Store on Grand Parade and sections linking back to St Patrick’s Street.

JCD is paying up to €6m for the site being sold by Savills for receiver Eoin Ryan of HLB McKeogh Gallagher Ryan, having outbid other national and UK interests.