Complex sentence: Birmingham City Council had hoped to refurbish the building and find an alternative tenant: it was expected to be the centrepiece of the City Park and Masshouse development scheme around the site, most of the surrounding buildings having been demolished.
Split into simpler sentences: Birmingham City Council had hoped to refurbish the building and find an alternative tenant. It was expected to be the centrepiece of the City Park and Masshouse development scheme, which is located around the site, most of the surrounding buildings having been demolished.