The Elysian
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The Elysian | |
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The Elysian tower, June 2009
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General information | |
Type | Office, residence |
Location | Eglinton Street, Cork, Ireland |
Coordinates | Lua error in package.lua at line 80: module 'strict' not found. |
Completed | 2008 |
Height | |
Antenna spire | 76.28 metres (250 ft)[1] |
Roof | 68.28 metres (224 ft) |
Technical details | |
Floor count | 17 (plus two basement garages) |
The Elysian is a mixed-use Celtic Tiger-era building at Eglinton Street in Cork, Ireland.[2] Construction of the building was completed in early September 2008.[3]
It consists of a number of connected 6-8 storey buildings, with a landmark 17-storey [4] tower on the southwest corner of the site. The tower is 68.28 metres (224 ft)[5] to the top floor, making it the tallest storeyed building in the Republic of Ireland, surpassing the Google Docks building in Dublin. The complex includes an enclosed Japanese garden and a two-level basement garage.[6]
The building opened during an economic crisis in Ireland and by late April 2009, 80% of the 211 apartments remained unsold and 50% of the commercial units were vacant.[7] As of October 2009 this situation continued, earning the building the nickname "The Idle Tower", a pun on a nearby hostelry known as The Idle Hour. An article in The Irish Times newspaper described the Elysian as a "Mary Celeste adrift in the recession"[8] Mandatory annual management fees for an apartment in the Elysian are €4,000 per year.[citation needed] In January 2010, developer O'Flynn Construction's debts of €1.8bn were acquired by the National Asset Management Agency, which bundled them as "Project Tower" and sold them for €1.1bn in May 2014 to Carbon Finance, a subsidiary of The Blackstone Group.[9][10] In December 2014 an Aldi supermarket opened on the ground floor.[11][12] A dispute between O'Flynn and Carbon on repayments was settled in February 2015, with Carbon retaining ownership of the Elysian.[13]
See also
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Press release from O'Flynn Construction (2007)
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Eglinton Street from skyscrapernews.com (2005)
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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External links
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Wikimedia Commons has media related to The Elysian. |
- Use dmy dates from January 2015
- Articles with unsourced statements from December 2014
- Commons category link is defined as the pagename
- Buildings and structures in Cork (city)
- Skyscrapers in the Republic of Ireland
- Skyscrapers between 50 and 99 meters
- Blackstone Group
- Residential buildings completed in 2008
- Office buildings completed in 2008
- 2008 in the Republic of Ireland