Architects say with planning approval work could start in six months
Plans for a £30 million development – which would see a new casino built in the centre of Douglas - have been submitted.
Island property company Altostratus Limited has been trying to transform the Middlemarch site for some time.
Under the proposals The Palace Hotel and Casino would be the anchor tenant and would seek approval to transfer its casino licence.
Twenty-five apartments, with rooftop gardens, a restaurant, office space and parking would also be created.
John Bell is from the project’s architects, Darlington based, ADG:
Subject to planning approval work could start on the site within six to 12 months.
Ramsey and District Cottage Hospital closure 'inconvenient' but 'significant issues' need to be fixed
Four local authorities looking for by-election candidates
Reinstatement of home births 'remains at top of agenda' for Manx Care
Weekend sailings at risk
Plans submitted for 85 new homes on former Buchan School site