However, if the Joint Regional Planning Panel agrees with the council at its meeting next week, the developers of the residential and commercial complex – to be known as The Crown – will need to comply with 118 conditions for the approval to go ahead.

The Crown proposal includes 14 ground floor retail tenancies fronting Crown, Corrimal and Burelli streets, as well as 317 units spread across four towers which range from nine to 15 storeys high.

A series of townhouses will also be built around a four-level parking station.

The development will also involve the demolition of the vacant Salvation Army building and the temporary council car park on the site.

Among the council’s conditions of consent, which are mostly standard construction and safety provisions, is a requirement to recognise the block’s history.

According to the council report, it has recently been discovered that the corner of Corrimal and Crown streets housed the Cricketers Arms Hotel from 1858 to 1908.

Like the former Oxford Tavern site, which is being developed into two 14-storey towers across the road from The Crown, this means the site may be subject to an archaeological investigation under the Heritage Act.

The developers will be required to obtain a heritage excavation permit and display an ‘‘interpretation’’ of the site’s history in a public place within the completed building.

The site – once set to become Belmorgan’s shopping, dining and entertainment district known as Gravity – went on the market last year.

Developer Nicolas Daoud, who is behind several other high-profile projects, bought the site in September 2013, reportedly paying more than $10million.

His construction company is also responsible for the Vantage development on Gladstone Avenue, the Landmark building on the corner of Crown and Station streets, and the apartment and townhouse complex behind Smith Street’s former Masonic Hall.

Mr Daoud has previously said he hoped construction on The Crown complex would begin in the new year.