According to documents now on exhibition, the 318-unit mixed-use development to be built on the old Dwyers site, which borders Crown, Corrimal and Burelli streets, will include four towers of up to 14 storeys and 97 townhouses, as well as 14 retail spaces. To be known as The Crown, it will have a large communal area in the centre of the buildings, as well as an elevated garden for residents and space for 625 cars.

Property developer Nicolas Daoud, who is behind several other high-profile projects in Wollongong, raised plans for the complex in early May and has now lodged full details with Wollongong City Council.

The proposal replaces the abandoned $160 million "Gravity" plan, which promised cinemas, shops and offices before the company behind the project, Belmorgan, went into receivership.

The project will require the demolition of the vacant Salvation Army building on the eastern side of the site, and the removal of a 140-space council car park installed in 2011.

If it goes ahead, the development will make the blocks between Crown Street Mall and WIN Stadium some of the most high-density areas in Wollongong's central business district.

Coupled with the neighbouring 14-storey Oxford on Crown - a 135-unit, 14-storey complex that was approved in March - the project could bring about 900 new residents into the city centre.

The plans will be assessed by the Joint Regional Planning Panel and are open for public comments through the council's website until June 18.

Mr Daoud recently told the Mercury he hoped to begin construction on his new project, to be built in five stages, early next year.