Construction giant Grocon’s $500 million plan to redevelop the IMAX Retail and Entertainment Complex at Darling Harbour in the New South Wales capital of Sydney has been given the go-ahead by the state’s planning body.

On June 16, the Planning Assessment Commission granted conditional approval for the company’s proposed ‘The Ribbon’ concept, which would see the demolition of the existing IMAX building, tourist office and amenities block and subsequent construction of a 20-storey cinema and commercial office tower, a separate two-storey building and public domain…