Work is set to start on a major leisure and retail development in Ramsgate, following the finalisation of a legal agreement.
The Royal Sands development, which will feature a quality hotel, retailing and housing, will be built on the former Pleasurama site on the town's seafront. The development agreement between Thanet Council, owners of the site and SFP Ventures (UK) Ltd. will see the leasehold being passed to the developers. The agreement also ensures that the hotel will be built and controls how the site will be developed, with different parts of the project due to be delivered by particular dates.
Council Leader, Cllr. Sandy Ezekiel, said: "This is a major step forward for Ramsgate and the whole Ramsgate Renaissance project, which will see the creation of a world class marina. The signing of this agreement gives us a quality hotel in an exceptional site on the town's seafront, along with new retailing and housing, which will increase what's on offer for both residents and visitors to Ramsgate.
This development is set to bring major benefits to the local economy, helping to bring more people into the town to live, work and visit.
Let's not forget that Ramsgate is regularly highlighted in the national press as the place to buy property and that can only be good news for the town, bringing in more inward investment and supporting local businesses."
He added: "This agreement has taken a long time to secure, but we had to ensure that we got it right before work started on the site. Having done that, we can now ensure that Ramsgate will get a new high quality hotel, which will provide much needed facilities for both visitors and local businesses. The Council has got the best value for money for taxpayers and we will get a quality development to benefit the whole area."
Work is set to start on site in spring 2007, with a projected completion date of 2010 and during this time, repairs to the cliff face by the site will be also undertaken by Thanet Council. Options for the roof treatment of the development will now be put together and presented to the Council's Planning department, who will be talking to the Eastcliff Residents' Association about the options put forward.