Spotlight on urban apartment building costs sharpens during housing crisis

JCD Group move to drop Sextant site €90m apartment plan in favour of €95m offices tower comes as all other Build to Rent sites in city remain stalled due to lack of financial viability

The 16-storey JCD office tower now planned for Albert Quay at the grounds of the old Sextant Bar/Carey Tools. It replaces a 2019 plan for 201 apartments in a 25-storey tower for which planning permission was granted

THE decision by leading Cork developers JCD Group to scrap plans for a 25-storey 201-apartment development in the heart of Cork City, a block away from City Hall on Albert Quay, and to replace it with offices is expected to further concentrate political debate to find a solution to the cost of apartment construction, during a wider housing crisis.

25-storey apartment tower plan withdrawn in favour of offices