XL's phase two gets DAB nod
week.
The Development Applications Board approved the second phase of the seven storey office building for XL Property Holdings.
It is intended to use the site as their headquarters -- in conjunction with development by ACE Limited -- who also plan to build on the five acres of land.
Construction work has already started on the land, on what is the former Bermudiana Hotel.
Although the purchase of the site, for a reported $18 million, was a collaboration between the two insurance companies, they are both building separate complexes.
The permission was granted on the proviso that a building permit is also obtained and that a landscaping scheme is also submitted to the DAB.
Meanwhile, plans to build a warehouse at Baptiste Builders Supply on Khyber Pass were refused by the board.
The board said access to the site was unsuitable to the proposed growth from the new building.
And plans from the Bermuda Land Development Company to renovate a Southside building have been deferred.
The aim is to convert the Corregidor Avenue site into offices with new parking area, entrance and elevator.
But the decision was put on hold pending the submission of a landscaping scheme for the site.
