Plans delayed, but work could still start this year
DEVELOPERS behind plans to transform a prime waterfront building in Penzance have delayed lodging a planning application for the project.
A multimillion-pound scheme that includes a hotel, retail and office space is on the cards for 7 Coinagehall Street, currently home to the PZ Gallery.
However, Derek Sheldon, director of Palm Court Properties, which aims to develop the site along with Anglo Holt Construction, said more time was being taken on preparatory discussions before a plan was formally submitted.
"We have gone on to the preplanning application system, which delays the planning application," he said.
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As part of the process, the developers would now carry out more discussion with Cornwall Council and an independent review panel about their proposals.
By laying this extra groundwork, it was hoped the actual application would be determined in half the usual time.
Mr Sheldon declined to reveal which hotel chain was in talks to open at the Penzance site, but did say discussions had "progressed".
"We have met their people, from the financial, trading and marketing side of things, and they've all said yes," he said. "It's just down to the main board to say yes."
The name of the company would be announced when its board had given final approval, which was expected some time this month.
Mr Sheldon added that he hoped a formal planning application would be lodged with Cornwall Council by May.
If approved, work could start at the site by end of the year.