Daft Daft

EVERY WEEK, WE bring you all the news you need to know about the property market.

The Big Movers

The iconic Gresham hotel is for sale

Dublin’s Gresham Hotel on O’Connell Street, soon to celebrate its 200-year anniversary, has been put up for sale by CBRE Hotels and Christie & Co with a guide price of over €80 million.

There’s a €90 million development plan for Cork city

O’Callaghan Properties will submit plans this week for a planning application for a 360,000 square foot office space in Cork city worth €90 million. There will be four separate buildings of five- and six-storeys, built on a 2.25 acre site.

Under Construction

Enda Cavanagh Photography Enda Cavanagh Photography

• A European Commision report has said that delaying property tax revaluations represents a lost opportunity to broaden the tax base. 
• Dublin City Council has cancelled a tender for modular housing issued in December leading to a delay in the building of 131 prefab homes due to be completed this year.
• A new boutique hotel is set to open in Ranelagh which will comprise 41 hotel rooms and two restaurants, according to the Irish Times.

CBRE Hotels CBRE Hotels

Des Res

Via 57 West  is a luxury apartment building in Manhattan with more than one twist to its design features.

Not only is it a pyramid shaped building right on the water, it recycles 227,000 litres of water a day, was built with responsibly-forested wood and is energy-efficient. If that wasn’t enough it has 142 affordable housing units, costing between $565-$1067 (€520-€980) per month rather than the average $2770-$16,500 (€2540-€15,100) per month.