An eight-storey development in the heart of Queenstown, which incudes 71 apartments, 44 hotel rooms and nine shops, has been approved.
Independent commissioners David Collins and Gillian McLeod imposed 39 conditions on the application by Christchurch-based Queenstown Investment Holdings, following hearings last November and again in May.
The multipurpose commercial building, containing residential and visitor accommodation with restaurant and retail areas is for a 2643sq m site on the corner of Shotover and Hay Sts.
The site is bounded by Shotover, Man and Hay Sts, and is currently home to the Salvation Army store.
It was earlier reported the development could be worth more than $25 million.
The building will feature an internal plaza or street, largely open to the sky and available to the public at all times.
There will also be public access from the internal street to a lift, giving higher access to Hay St.
The detailed plans presented to the commissioners showed the complex would contain a restaurant, nine retail shops, 44 hotel rooms, 65 apartments and six penthouse apartments.
Car parking, under a lease arrangement with the neighbouring Man St car park, will provide 80 car parks.
The design of the complex has been through five revisions.
Plans were discussed with the Queenstown Urban Design panel and significant alterations were made in response to the panel's suggestions.
Further amendments were made following the initial hearing in November and before the hearing was reconvened in May.
The application was processed on a limited notification basis which caused the commissioners "some concern", Mr Collins said in the decision.
One of the conditions requires Queenstown Investment Holdings to enter into a bond with the Queenstown Lakes District Council to "secure performance of the works are carried out as per the plans approved by this development".
"This resource consent shall not be exercised until the applicant has provided evidence to the council that the bond has been established.
"The bond shall be for a sufficient amount to cover the cost of stabilising the site, should the works be abandoned for a period in excess of 30 days."
The conditions require the atrium area - including a glass lift - shall be "fully open to the public at all times", and a cycle parking area is to be provided within the atrium for use of the public.
