A development application has been lodged to council for the redevelopment of the Mittagong Maltings.
The development application was submitted to council on June 10, 2020 and was referred to the Joint Regional Planning Panel on July 12, 2020.
The Mittagong Maltings will be transformed into a new multi-use facility under the ownership of father and son development duo Roy and Anthony Medich.
Related: New owners for Mittagong Maltings
The property was purchased for $6.05 million by the Medich Corporation in 2019.
The previous owner Barry Anstee had bought the dilapidated building for $590,000 in 2009.
The refurbishment is set to cost more than $68 million as will be put before a JRPP.
According to documents submitted to Wingecarribee Shire Council and the NSW Government Planning Portal, there will be two stages in the development.
Stage one of the development application is for the adaptive re-use of the existing heritage-listed building and an addition of new building elements.
The DA also seeks to develop an exhibition space, information and education facilities, and indoor swimming pool, a function centre including a performance space, a bar, a hotel with 40 rooms and a private suite.
Associated upgrades in stage one would include landscaping, 139 parking spaces, vehicular access and demolition of the Maltser's Cottage and construction of pedestrian bridges and viewing platform across the Nattai River.
A detailed submission for stage two is yet to be submitted, however, the Medich Corporation seeks concept approval to turn 7430 square metres into potential residential accommodation, tourist and visitor accommodation, and/or seniors housing development in the eastern portion of the site which is 10,400 square metres.
It would also include 82 car parking spaces and access.
According to the Medich Corporation website, the developers plan to retain the exterior of the building while they turn the inside into a multi-use facility.
"By preserving and protecting the existing building fabric without restoring the buildings to their former state, we intend to activate the ruins whilst maintain the intriguing character of the buildings that have evolved over many decades," the website statement read.
"This adaptive reuse project will create a destination location both for people in the area and those travelling from Sydney and surrounding areas.
"In this way, it will create value not just for us as investors, but also for the community around it."
A Wingecarribee Shire Council spokesperson said the DA was likely to go to the JRPP in the first half of 2021.
"It is subject to final assessment, public notification and agreement/advice from all relevant state agencies," they said.
"Council is currently in the process of updating DA tracker with the latest information."
The Mittagong Maltings was first established in 1899 to supply malt to breweries. It was then bought by Tooth and Co in 1906.
The company ran until 1981 when Tooth and Co closed the Mittagong Maltings.
The Medich Corporation was contacted for comment.