Hi Thomas,
Using a Dremel can be quite slow. :bang:
In a workshop I'd probably use an Oxy-Acetylene torch to heat up the nut,:devil: sometimes this enables removal.
It's possible that the nut has stripped the thread that's underneath the nut, so it's very difficult to get the nut to engage with the thread below it, it just goes round and round.
At home, I'd probably drill 2 holes vertically into the nut, one each side of the stud, then split the nut with a chisel/
Nut-Splitters can be great but unfortunately often you can't get them into the required position, as is likely the case here.
Tom's (the hobbler) solution sounds very workable.
.
Another possibility is to enlarge the hole in the floor, weld 2 bolts to a piece of flat steel (with 2 holes drilled in it) and then drop this into the hole and tack weld this to the box section. (gives you more room to weld and something of a lighter gauge to weld to the relatively thin metal of the box section). As regards alignment (very important!), it might be possible to measure from the other mounting (assuming it hasn't also been 'worked on') to a central datum point and use this measurement to align the mounting you're repairing. I reckon you could also measure from each spring eye in turn to a rear suspension mounting or hub centre to assist alignment (i.e. to keep the wheelbase the same on each side).
No doubt, you'll also check that there's no cracking or other damage around this spring mounting point due to previous accident/ collision/ corrosion/ or possibly running loose for a while.
Good luck with the repair
AL.