The Elysian
The Elysian is a mixed-use celtic tiger
Celtic Tiger
Celtic Tiger is a term used to describe the economy of Ireland during a period of rapid economic growth between 1995 and 2007. The expansion underwent a dramatic reversal from 2008, with GDP contracting by 14% and unemployment levels rising to 14% by 2010...

-era building at Eglinton Street in Cork City
Cork (city)
Cork is the second largest city in the Republic of Ireland and the island of Ireland's third most populous city. It is the principal city and administrative centre of County Cork and the largest city in the province of Munster. Cork has a population of 119,418, while the addition of the suburban...

, Ireland
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

. Construction of the building was completed in early September 2008.

It consists of a number of connected 6-8 storey buildings, with a landmark 17-storey tower on the southwest corner of the site. The tower is 71 metres (233 ft) to the top floor, making it the tallest storeyed building in the Republic of Ireland, surpassing the 67-metre County Hall
Cork County Hall
The County Hall is a 17-storey office block, owned by Cork County Council and housing its administrative headquarters. The building is located on Carrigrohane Road in the City of Cork...

, also in Cork. A decorative pinnacle gives The Elysian's tower an overall height of 81 metres.

The complex includes an enclosed Japanese garden
Japanese garden
, that is, gardens in traditional Japanese style, can be found at private homes, in neighborhood or city parks, and at historical landmarks such as Buddhist temples, Shinto shrines and old castles....

 and a two-level basement garage. The building opened during an economic crisis in Ireland
2008–2009 Irish financial crisis
The 2008–2011 Irish financial crisis, which had stemmed from the financial crisis of 2008, is a major political and economic crisis in Ireland that is partly responsible for the country falling into recession for the first time since the 1980s...

 and by late April 2009, 80% of the 211 apartments remained unsold and 50% of the commercial units were vacant. 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
Mary Celeste
The Mary Celeste was an American brigantine merchant ship famous for having been discovered on 4 December 1872, in the Atlantic Ocean unmanned and apparently abandoned , despite the fact that the weather was fine and her crew had been experienced and able...

adrift in the recession"

Mandatory annual management fees for an apartment in the Elysian are 4,000 euros per year.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.