All in hand from what i hear althou there is the matter of funding, i think we will all know more before xmas
Think the matter of the funding is the main obstacle.
Funding in place= building firms falling over each other to tender
It is a major problem, and no short term fix. Original plans involved a reported £10m development funded by an International Hotel chain ( which company would pay that?) which stalled because of the recession.
Nothing has changed economically, so a new "partner" is needed.
I'm sure Chestnuts have access to land acquisitions in the area, but major developments like this take a lot of planning (years)
Perhaps an extension on the lease at York St needs to be explored