The project, which is backed by developer David Wilson Homes, will provide more than 300 homes, but it has been put on hold due to 'unresolved issues' over the designs.
Rhatigan said: 'There are problems with how the road is laid out, in regards to safety, and we also have issues with flooding and sewage dangers.
'But our main problem is the development sits right on the gateway of Basingstoke, and we felt there should be a truly iconic building there, and we didn't feel the proposals offered this.'
The scheme has already come under scrutiny from CABE, which said it 'found little to commend' about the scheme, adding it would not be able to support it.
However, Broadway Malyan has rejected claims that the project has stalled, stating that the proposals are merely going through some changes.
A spokeswoman said: 'The scheme is not on hold, we will be meeting with planning officers to discuss any possible changes they may have at the earliest possible committee meeting.'
A committee meeting has been scheduled for June, where planners and developers along with the architects will discuss the scheme.