Dandara hopes work will start in March 2005 and take four years to complete.
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Developers, Dandara, have permission to build 196 flats, 16 sheltered apartments, a nursing home and nursery.
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The chairman of the Waterfront Enterprise Board, Pierre Horsfall, said he was confident Dandara's plans for the area would compliment what was there.
There will be a public presentation of the plans, and Dandara and its partners in the scheme, Marine Development Limited, will work with the Waterfront Enterprise Board and the Environment Committee to agree something acceptable to all.
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