Capitol cinema site ripe for ‘Developments’

DEVELOPER John Cleary hasemerged as the preferred bidder for Cork city centre’s prime Capitol cinema site on Grand Parade, and aims to build a mix of big-box retail units, aimed at the likes of Zara and Forever 21, and fourth generation offices on the site which links back to Patrick’s Street. 

The development may also include an Innovation Centre, linked to the food sector and to the city’s famed English Market, now a top tourist draw and food resource.

The 0.64 acre site, which includes the Central Shoe Stores on Grand Parade and former bars the Oyster and the Vineyard with some Patrick Street retail frontage was guided at €6 million by agents Peter O’Meara and Leigh Hegarty of Savills, acting for receiver Eoin Ryan of accountants HLB McKeogh Gallagher Ryan.