Responding to the news today (17th May 2021) that Falcon Real Estate will not be developing the North Quays, Gerald Hurley, CEO Waterford Chamber said: “We need to see this for what it is – a business decision and it is important to note that the North Quays remains one of the most attractive sites in Ireland, if not Europe and is prime for development.

“This is by no means the end of the road, in fact it’s just the beginning. Covid-19 has changed the world we live in and by extension, it will have a major impact on the type of development the North Quays must now become and I’ve no doubt it will take into account current and future requirements. It remains a significant element of Project Ireland 2040 and despite the news today, that hasn’t changed.

“We are much further down the road than where we were when it was designated an SDZ. The land is under the ownership now of Waterford City & County Council with a good marketable title and all the site environmental issues have been resolved. Above all, Government funding has been secured and the site is now ready for a developer to come in and deliver a new vision.

“Waterford Council are wholly committed to the project, as we all are as a business community, so let’s not lose heart today. This is this nature of business but it is still prime real estate and I have no doubt many developers will see that Waterford is a city of opportunity, with tremendous potential. Waterford Chamber will continue to work with stakeholders and do everything we can to ensure a prosperous skyline for the North Quays.”