Frankston has fast become a hot spot for dense residential and commercial projects due to its premier waterfront location and projected population growth.

Frankston City Council has now approved a 41-metre mixed-use tower that has been in the planning phase for over three years. The building will be located at 446-450 Nepean Highway, directly across from the recently upgraded 10-storey Peninsula On the Bay (formerly the Peninsula Centre). The $50 million project is…