Cork developer buys site with plans for 275 homes

Cork property development company Bridgewater Homes has announced the acquisition of a site in Bishopstown with planning permission for some 275 homes for €10.2 million from rival developer Ardstone Homes.

The Waterfall Road scheme will comprise 136 houses, 99 apartments, and 40 duplexes across a “diverse range” of options, the company said in a statement, in addition to a new creche and a number of local and neighbourhood play areas. Bridgewater said the scheme would be the largest-scale residential development in the Bishopstown area in the past three decades.

It expects to deliver the project, which has an overall projected value of more than €123.6 million, over a period of 30 months.

“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,” co-owner and director of Bridgewater. “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.”