The $600million Spit project on the Gold Coast has been put on hold after Sunland Group yesterday withdrew its application for the 44-level twin tower project development, while the master plan is reviewed and developed again for the area.
The Mariners Cove project received strong criticism in its planning stages having breached a three-storey Crown Land height limit.
Sunland chairman Soheil Abedian said a master plan for The Spit would deliver the best outcome for the community and give clarity and unity for all stakeholders.
Sunland CEO Sahba Abedian"The Spit is a unique commercial, residential and recreational precinct and the state government and council need to work together, in consultation with the community and all stakeholders, to agree on a clear path forward," he said.
"We feel it is important the master planning process is unencumbered, without any perceived time pressures from existing development applications.
"For this reason we are withdrawing our development application for The Mariner until such time that a master plan for the precinct can be agreed upon.
"Councillors have called on Queensland Government to help create a plan for how the area between the ocean and Southport Broadwater is development in the future," Mr Abedian said.
Sunland had hoped to build twin 44-storey towers at Mariner's Cove that were designed by famed British architect Dame Zaha Hadid before she passed away earlier this year.
According to ABC, The State Government is reportedly considering an application by the Chinese consortium, ASF, to build a casino and resort just north of Mariner's Cove.