Progress on plan for 40-storey port build: Planning for Custom House site project to be sought early next year

The developers of a proposed 40-storey building on the Custom House site in Cork City have said they expect to apply for planning permission for the development in early 2018.

A spokesman for Time Square Construction Operations, which is owned by Kerry native Kevin O’Sullivan, said the company is now at an advanced design stage.

In April it emerged that Mr O’Sullivan had bought the site in the Port of Cork, reportedly for a figure in the region of €5m, and it had been expected that it could house a landmark development, including a signature tower up to twice the height of the 17-storey Elysian.