Torremolinos council has received a grant of 158,647 euros from central government for the restoration of the town's landmark 14th-century Pimentel tower.
The project, with a total cost of 225,000 euros, is designed to stop the deterioration of the former watchtower, a protected building listed as being of special cultural interest (BIC).
The 18-metre-high monument, situated behind the San Miguel church, is divided into three sections, with two rooms that were once occupied by the keepers who were responsible for monitoring the coast against possible invasion.
The work includes the restoration of the outside walls, interior rooms and the installation of a lookout platform.
Once complete, the tower will be opened to the public and used to host cultural events.
The project also includes steps to smarten up the facades of several rundown buildings close to the landmark tower.
The town hall will also start the necessary administrative procedures to demand businesses take down signs and hoardings that currently hide the base of the tower.