Everstrong Capital is finalising road designs and feasibility studies.
Home Bridge is cleared to begin phase II of the Lifestyle Heights project.
The bridge collapsed in March 2024 after the cargo ship Dali struck one of its piers.
The project will include residential, commercial, and hospitality spaces.
The building's height has been reduced from 50 to 34 floors.
High Grand Falls Dam will hold 5.6 billion cubic metres of water.
The building has remained under construction for four decades.