MDC wants to retain, and develop, original building
Planning permission is being sought to redevelop the former nurses' home in Douglas.
The Manx Development Corporation has submitted plans to transform the Westmoreland Road site into one and two bed apartments.
The building was originally constructed in 1953 but has been unused and deteriorating for many years with asbestos and water ingress said to pose 'significant challenges'.
However the MDC says the decision to retain the building has been driven by its architectural merit and sustainable benefits associated with existing building retention.
Chair of the board Sean Gilbert said: "We are proud to have started to fulfil our purpose to be a catalyst for Brownfield site development in the Isle of Man starting with the government owned sites but also establishing partnerships with Island based developers and other service providers."
Under the plans the nurses' home would also feature a glazed rooftop extension which contains additional living space and a coffee and patisserie facility.
The Manx Development Corporation became fully operational in September 2021.
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