THE fire-ravaged site of one of Paisley's most historic buildings is to be turned into luxury flats.

The former Halftime School in Maxwellton Street has lain derelict for 10 years after it was destroyed in a massive blaze.

It was operating as the Institute nightclub when it was gutted in a fire in July 1997 and suffered further damage a year later in severe storms.

The building was hailed as one of Scotland's best designed schools when it opened in 1886 but only the main entrance remains intact.

Developers are planning to shore up its remains and build 40 flats behind the B-listed facade.

Neige Developments has secured planning permission for 10 two-bedroom and 30 one-bedroom flats to be build over three storeys.

A report before Renfrewshire's planning board said: "The history of the site has been lengthy.

"The objective had been to seek a full restoration of the building for residential use but the applicant has advised such a project would not viable.

"The development is acceptable and it would ensure the front facade of this important listed building is restored."

The Halftime School was commissioned by the Coats family to educate child mill workers.

Female workers would attend the school and work in the mills on alternate days.

The Institute nightclub sustained more than £750,000 of damage in the 1997 blaze.

The 1000-capacity venue had previously been known as the Cotton Club and was also used as a social club and canteen after the school closed in the early 1920s.

Earlier this month, the Evening Times revealed plans for a £22million housing development overlooking Paisley Abbey.

Westpoint Homes wants to build 133 flats to replace part of Renfrewshire Council's HQ. Some flats will have full balconies, with panoramic views.

Council bosses opted to sell the site after a £20m estimate for work to refurbish its 1970s office block, which occupies the land.