The Broadway Hotel in Woolloongabba, Brisbane has been dormant for six years since it was gutted by a fire.
However, the gothic hotel is set to be reborn as part of a $260 million development project, which will also see a 24-storey tower built on an adjoining parcel of land.
Seb Monsour, chief executive of Majella Property Developments, said the gothic hotel would remain as part of the work. Around 280 one, two and three-bedroom apartments will be added to the area, Domain reports.
He described the project as having the potential to act as a gateway to Woolloongabba, as he hopes to preserve and restore the heritage properties that have become part of the area's unique character.
Mr Monsour indicated that he has not yet decided whether that means the building will act as a traditional pub.
"We anticipate it being some sort of food and beverage option, but we're also conscious that we want everybody’s input in that as well," he commented.
In terms of the design of the new tower, the plans are inspired by the Broadway name and have a distinctly New York feel as a result. "It's a very New York, cosmopolitan, Chrysler-type building," Mr Monsour remarked.
The plans are set to be submitted to Brisbane City Council by next month and the tower will be built over three blocks adjacent to the hotel if they are approved. Construction is pencilled in to start next year, with a target completion date of 2019.
Mr Monsour said this is not the first development project he has undertaken in Woolloongabba and that he hopes to return the hotel to its former glory.
"The hotel has always helped define the character of the precinct and we are keen to bring back the local markets and for the area to become vibrant again."
