An application has been approved to build a block of units worth about $60 million on land near the Wickham rail corridor, part-owned by Hunter Development Corporation general manager Bob Hawes, reports the Maitland Mercury.
Newcastle City Council received the DA to build the nine-storey unit block in Beresford Street in 2009.
The street runs parallel to the rail line near the future location of the multi-million dollar Wickham Transport Interchange.
Mr Hawes told the parliamentary inquiry into Hunter planning decisions that he owned a 50 per cent share of 1-9 Beresford Street, Newcastle West, where the apartments would be built.
Fairfax Media reported in July that the estimated value of the development would be $60 million.
HDC, the government agency Mr Hawes oversees, recommended that the state government proceed with the rail truncation.