#CorkHarbour - The Evening Echo reports that Penrose Dock is the latest office development project to be greenlit for Cork’s city centre docklands.

Located adjacent to the Horgan’s Quay project launched a year ago, the proposal by John Cleary Developments will see 250,000 sqft of office space on a nearly two-acre site on Penrose Quay — where a ‘tall ship hotel’ could be moored later this year.

A ‘townhall space’ plus a café and underground parking are included in the Penrose Dock plans, which also seek to retain the historic Penrose House building on the quayside.

The announcement comes shortly after Property Week highlighted Cork — and Dublin — as an as-yet-untapped opportunity for waterfront regeneration.

“Cork’s docklands have been described as the last great undeveloped urban landbank in Ireland,” writes Richard Hook in his analysis of a growing list of redevelopment plans in the city and wider Cork Harbour area.