It's the news the Cairns economy has been waiting for: construction of the first stage at Nova City will begin in mid-2018.
World Class Global, the Singaporean company behind the multi-million dollar development in the Cairns CBD, has launched a tender process calling for suitable builders to undertake the large-scale project.
Formal tenders for the project will be issued late 2017 or early 2018 with construction to commence in mid-2018.
An advertisement in Saturday's Courier-Mail called for expressions of interest for "suitably qualified" builders to tender on construction of stage 1 of Nova City.
The advertisement reads: "Nova City is a seven tower residential, commercial and retail development situated in the Cairns CBD to be undertaken by Singapore developer World Class Global.
"Stage 1 consists of two residential towers of 16 and 17 levels on a common podium. Overall Stage 1 contains 335 apartments, 1734sq/m retail area and 195 car parks in addition to extensive recreational facilities.
"Interested builders must evidence a history of similar sized residential construction."
The expression of interest period closes on October 21.