Plans have been revealed to transform a derelict former North East tourist attraction into a cultural hub and public events space.
The Palace Building in Tynemouth, best known for housing the former Toy Museum, is to be rejuvenated under new plans, which will see significant investment made to bring the building back into active use.
Developer Sudfeld Ltd has been chosen by North Tyneside Council to carry out the project, following several years of negotiations. Plans have now been submitted to the authorities for permission to proceed, with many local businesses already expressing interest in making use of the space once it has been completed.
Sudfeld wants to transform the exterior of the Palace Building, which occupies a prominent seafront position on Tynemouth’s Grand Parade, to help rejuvenate the run-down façade. The company has been supported by Newcastle law firm Sintons, with Mark Dobbin, Partner and Head of Real Estate, acting for the developer.
