A decision on St. George?s Renaissance Consortium?s $210 million plan to redevelop the former Club Med property in St. George?s should be made by the end of the summer.

The consortium, led by Canadian-based group Quorum, proposed creating a European style cultural village that will integrate the new hotel of 126 rooms and 110 low-rise residential units. The village would be set in a public square initially embracing existing theatre features and ultimately additional larger stand-alone theatre facilities.

Prestigious hotel chain, Four Seasons, which owns some of the most upscale hotels in the world, is set to manage the property once an agreement is reached with Government.

The CEO and managing partner of Quorum, Wanda Dorosz was in Bermuda this week and in an interview on Friday said they were ?very close? to concluding all the details and were still within their period of exclusivity.

She said she was very pleased with how things were going and that progress was positive.

?You have to appreciate parties and lawyers in multiple countries time zone differences, but I?m not frustrated, we are making steady progress,? she said. She said the project would benefit Bermuda for many years as she wanted the community and the town of St. George?s to be happy. ?We are mindful and respectful that the site is unique, historic and aesthetically beautiful,? she said.

Renaissance envisioned the entire development as a natural extension of the historically authentic Town of St. George?s.

A combination of year-round programming of community events and cultural performances by both international and local artists is planned to compliment Bermuda as truly international destination

When asked when she anticipated the deal with Government to be finalised, Ms Dorosz said she could not give a date, but was comfortable saying the end of summer. Ms Dorosz said they had come to an agreement with Government for employee housing ? for artist workers for cultural programming and artists in residential cottages.

She said an agreement had been reached with Government in respect to this. ?I believe we are not building on more than 20 percent of the land. It will be low rise Bermuda-style cottage architecture,? she said. The ?hotel on the hill?, as the former Club Med property is known to locals, will be demolished.