Complex sentence: The heritage listed Regent Theatre historic facade, entry and mezzanine foyer are to be preserved in a yet another redevelopment which will see the majority of the building demolished to make way for a forty story office tower and carpark.
Split into simpler sentences: The heritage listed Regent Theatre historic facade, entry and mezzanine foyer are to be retained in a redevelopment of the site. The majority of the building will be demolished to make way for a forty story office tower and carpark.