Mayor Alec Sandner said that this current process began in May 2012 and it is great to see this site purchased by the private sector for redevelopment.
“The new owners intend to transform the entire site into a five-star boutique hotel complete with a five-star restaurant, 60 hotel suites, function centre, gym and other amenities. This will be completed in two stages with development of the existing Pall Mall building being stage one. The second stage will see the Hargreaves Street site having 40 hotel suites and will be a new structure,” said Cr Sandner.
“The developers want to provide Bendigo with a premium quality hotel with a level of luxury previously not available in regional Victoria.
“During the period that the Bendigo library is occupying the building, the developers will use this time to create the design, plans and have approvals completed. Once all of these are in place, redevelopment can happen soon after the library moves back to its previous location in late 2013. Stage one is intended to be completed and be operating by May, 2014.
“This exciting new project will bring work for local contractors as well as up to 30 new jobs once the project is finished creating an economic benefit for the city and bring more people to the region.
“The City is confident that with existing planning controls there is sufficient guidance for the developers’ plans to align with the Central Business District Plan and a good quality result for the entire city will be achieved.”
Colliers International were the appointed lead agents for the sale of these properties in partnership with Bendigo real estate agency Dungey Carter Ketterer.