The deadline is approaching for organisations to register an interest in a major commercial development opportunity being offered on behalf of the Isle of Man Government.
Interested parties have until 4pm on Friday 29 July 2016 to submit their bids to develop the Lord Street and Parade Street sites in lower Douglas.
It is hoped that the redevelopment of the prominent quayside area, which extends to a combined 2.92 acres, will act as a catalyst for further regeneration of the Island’s capital. Any proposed development will be subject to planning approval, but a mixed commercial use including leisure facilities, a hotel, shops and offices is envisaged.
Development of the Lord Street and Parade Street sites, which are currently used for car parking, would support the Government’s national priority of growing the economy.
The opportunity is being advertised by the Department of Infrastructure, which will consider bids for the two sites combined, one site, or even a sub-division of sites.
Interested parties can download an information pack from the Government website at www.gov.im/lowerdouglas while further details can be obtained by writing to the Department’s Director of Estates Rodney Christopher.
Development bids should be emailed to email@example.com while paper submissions can be sent to Mr N. Black, Chief Executive Officer, Department of Infrastructure, Sea Terminal, Douglas, Isle of Man, IM1 2RF in an envelope marked ‘Lower Douglas Bid 2016.’