Plans to build Wales's tallest residential building have been abandoned in favour of a plan for a family housing development comprising 400 town houses and apartments will be submitted to the Cardiff council in the UK.
The proposed family housing development will be built near the International Sports Village in Cardiff Bay.
The abandoned residential project, Bay Pointe, was planned to include ten residential buildings with one of the towers being 403ft tall, providing 360° views of Cardiff.
The plans to build the tallest residential building invited concerns that the towers would be overbearing and put pressure on the local traffic infrastructure, as well as not being widely affordable.
The project was expected to be complete between 2014 and 2016.
Cardiff University urban design professor John Punter said there is an over abundance of apartment buildings while an increasing shortage of family housing which has always remained the demand.
Bay Pointe managing director Chris Hamilton also said that the market from customers and in terms of funding has ceased to exist for big apartment developments.