A revised development application has been lodged for a 101-storey skyscraper on the Gold Coast that would surpass the Q1 building to become Australia's tallest building.

At a height of 400 metres, the proposed development, known as One Park Lane, has reignited discussions about the future of the Southport CBD.

First proposed in 2022, the project encountered delays due to negotiations with the state government regarding a laneway.

The development includes residential units in the primary tower and a 60-storey commercial building, connected by a bridge.

"Much needed residential, much needed commercial space is exactly what Southport needs to come to life" Matt Justum from One Park Lane Developments said.

"The development will consolidate this end of Park Lane with the residential tower on one side of the road, and the commercial tower on the other side of the road."

The developers hope to begin construction by Christmas.

"This building really just sets the stage for what CB CBD is gonna be" Councillor Brooke Patterson said.

While the tower would be the tallest in Australia, it would still be significantly smaller than the world's tallest building, Dubai's Burj Khalifa.

Unlike the rest of the city, there is no height restrictions for new builds in the CBD.

The proposal has elicited varied reactions from the local community.

While some residents expressed support, concerns have been raised by the Southport RSL, which neighbours the proposed site, about the potential impact on its operations.

The project's fate now rests with council.

This article was produced with the assistance of 9ExPress.