Hundreds of New Homes Planned for Cork City in €123.6 Million Development
Bridgewater Homes Acquires €10.2 Million Site at Waterfall Road, Bishopstown for Landmark Residential Development
CORK CITY, IRELAND – 25th June 2023 – Bridgewater Homes, a leading Irish development company, has successfully completed the acquisition of a much sought after site in Waterfall Bishopstown, Cork City, for €10.2 million. This significant investment marks a major milestone in the development of one of the largest residential projects in recent times for Cork. With an overall project value of €123.6 million, the development will consist of 136 houses, 99 apartments, and 40 duplexes, making it a standout development in the Munster region.
The granted planning permission in March 2022 has paved the way for this ambitious development in the heart of Bishopstown. Over the course of 30 months, Bridgewater Homes plans to transform the site into a vibrant and sustainable community that will set a new standard for residential living in the Bishopstown area. The development will deliver a diverse range of housing options with 28 one-bedroom houses, 92 two-bedroom houses, 34 three-bedroom houses, 18 two-bedroom duplex units, 34 three-bedroom duplex units, 8 two-bedroom apartments, and 26 three-bedroom apartments. This carefully planned allocation ensures a balanced mix of housing options to create a vibrant and inclusive community for individuals and families of all sizes. Additionally, the development will include a new crèche and a number of local and neighbourhood play areas, promoting a family-friendly environment.
Located just 5 km south of Cork city centre, the Waterfall development benefits from its convenient proximity to various amenities and transport services. The development will feature buildings ranging from 2 to 4 storeys, blending harmoniously with the surrounding landscape while extending the city’s natural boundaries. The project includes provisions for open spaces and recreational spaces as part of the comprehensive landscaping. Sustainable practices and environmental conservation are key aspects of the development. Existing hedgerows along the western, southern, and eastern boundaries will be retained where possible, contributing to the protection and enhancement of biodiversity and the natural environment.
Pedestrian and cycle facilities have also been a key consideration, ensuring convenient connectivity to the heart of the city, existing transport services, and amenities. While enjoying a rural setting, residents of the new development will benefit from easy access to high-frequency urban bus services, including the 208 route from Marymount to Mayfield via the City Centre and the 205 route from the CIT campus to Kent Train Station.
The team at Bridgewater Homes has a proven track record of delivering exceptional residential schemes across Munster, including the substantial Dara Park development in Blackrock, Cork, and Lisnagar Gardens in Rathcormac. As a local homebuilder, Bridgewater Homes is dedicated to fostering close collaboration with the community and stakeholders throughout the development and placemaking process, ensuring transparency and inclusivity.
“We are excited to announce the successful acquisition of the Waterfall Road site, which will be a transformative residential development in Cork City,” said Paul Barrett of Bridgewater Homes. “Our goal is to create a thriving community that not only addresses the demand for housing but also contributes to the overall growth and enhancement of Bishopstown and the wider city area. This location is highly desirable to people, having a rural feel, while being within easy access to the very best Cork City has to offer.”
Waterfall represents a once-in-a generation opportunity to contribute to the ongoing revitalisation of the area while honouring its rich history. It is set to become the largest-scale residential development in the Bishopstown area in the past three decades, underscoring Bridgewater Homes’ commitment to shaping the future of Cork City.
Bridgewater Homes currently has three further sites at various stages of the planning process.