Plans revealed for former tourist attraction

Plans have been revealed to transform a former North East tourist attraction into a cultural hub and public events space.The Palace Building in Tynemouth – best known for housing the former Toy Museum – is to be rejuvenated under new plans, which include “very significant” investments being made to bring the asset back into active use.Sudfeld Ltd has been chosen by North Tyneside Council to work on the project following several years of negotiations. Plans have now been submitted to the authority for permission to proceed.The space formerly occupied by the Toy Museum, which closed in 2012, is now set to become a cultural site for exhibitions and events, with a number of local businesses having already expressed an interest in making use of it.Sudfeld also wants to transform the exterior of the Palace Building to help rejuvenate the run-down façade.Trevor Hastie, director of Sudfeld, is keen to press on with bringing the plans to life.Sudfeld has been supported by Newcastle law firm Sintons, with partner and head of real estate Mark Dobbin acting for the developer.