A more than $15 million proposal to develop a multi-level retail and commercial complex on a prime piece of Port Macquarie real estate is likely to go before a planning panel in April.
A development application is under assessment at Port Macquarie-Hastings Council after Gowing Bros lodged its plans for the so-called hole in the ground site on the corner of William and Murray streets.
The DA is for a multi-storey commercial and retail building complex.
It includes multi-level car parking spaces and, once completed, would be linked with the Port Central car park.
The Gowing Bros. portfolio includes Port Central.
The Northern Joint Regional Planning Panel will determine the development application.
The council, which bought the land on the corner of William and Murray streets for $3.866 million in late 2005, has tested the market for the land several times over the years.
Subsequent negotiations with Gowings Bros have opened up fresh possibility for the site's future.
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